I have a hard time understanding how the resource is calculated from drilling results as I do not understand what "strike", "strike open", etc. mean. I bought CXO based off the mineral resource summary and projected financials but I'm not sure how they came up with it as I do not understand how far the mine is likely to go underground, and how they get the concentration for the resource.
Another thing I struggle with is the difference between Direct Shipping Ore and spodumene.
All help is greatly appreciated. Thank you
Understanding pegmatite mining
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9.3¢ |
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Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 21 | 1922509 | 9.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 49999 | 1 |
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