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7.8¢ renascor resources limited

Understanding Graphite, page-5

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01/05/19

10:59

Post #: 38348573
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Originally posted by abishai: ↑

As per the announcement yesterday with the upgraded JORC compliant resource,
87MT @ 7.5% = 6.6MT contained graphite total resource.
Within this updated figure there is an increase in the total for measured and indicated combined.Precisely what impact this will have on the ore reserve figures is yet to be seen,but I would expect that will be clarified in the DFS.(I expect an upward revision on the 3.6MT).Further to this more drilling of the part of the resource that is only inferred MAY lead to an upgrade to indicated or measured,in due time,leading to another increase in reserves. Also the deposit isn't totally closed off,so more drilling could result in more resource,but I don't see any need to pursue that anytime soon.
Awaiting the DFS with interest.

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Thanks. So here is my question

If the price of every Mt is $4800, are we really saying that is can only sell 6.6 Mt (which is 4800 * 6.6 = $31,680)

RNU Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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