RNU 0.00% 11.5¢ renascor resources limited

Understanding Graphite

  1. 375 Posts.
    lightbulb Created with Sketch. 45
    Hi All, I invested in RNU based on its (seemingly) potential for an offtake agreement. So essentially, I am speculating with RNU.

    However, I was going over one of the presentations and felt like I needed to understand a few simple concepts to understand the true potential of RNU, so please be patient with me.

    When the company claims:

    "Mineral Resource: 80.6 Mt at 7.9% TGC for 6.4 Mt of contained graphite
    Ore Reserve: 45.2 Mt at 7.9% TGC for 3.6 Mt of contained graphite"

    Does this mean it only has 10 Mt of graphite? (6.4+3.6)
    What is the 7.9% of total Mt it state mean?

    I have some followup questions but would hope someone can explain this to me. I want to understand true profits RNU can look forward to based on reserves it has.

    Thanks in advance.
 
watchlist Created with Sketch. Add RNU (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
0.000(0.00%)
Mkt cap ! $292.2M
Open High Low Value Volume
11.5¢ 12.0¢ 11.0¢ $488.5K 4.245M

Buyers (Bids)

No. Vol. Price($)
4 253666 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 971600 17
View Market Depth
Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
11.5¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
11.5¢ 12.0¢ 11.0¢ 2513192
Last updated 15.59pm 23/05/2024 ?
RNU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.