Now we have preliminary metallurgy results we can do some ball park calculations - at estimated 260mt @ 1.2% Nb2O5, there are approximately 3.12 Mt of Nb2O5 in the deposit (260 Mt * 1.2%).
The metallurgy announcement show a recovery rate of 61% for Nb2O5 at 53% recovery. This means from the 3.12 Mt of Nb2O5, approximately 1.65 Mt (3.12 Mt * 53%) could theoretically be recovered.
End product is ferroniobium concentrate - from what I can see its usually 65% Nb. That assumes 1.65mt / 0.65 = 2.54mt of ferroniobium concentrate (is this right? please correct me if I am wrong)
ferroniobium is currently U$45/kg or roughly A$67/kg, an assumed end product of 2,540,000 tonnes of ferroniobium implies an in ground value of AU$170b (assuming PETE's estimated 260mt @ 1.2% Nb2O5). Of course this value ignores the capex/production/processing/transport and labour costs at this stage. Regardless, this is an easy hold for me.
- Forums
- ASX - By Stock
- WA1's estimated JORC resource
Now we have preliminary metallurgy results we can do some ball...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.27 |
Change
-2.080(10.8%) |
Mkt cap ! $1.059B |
Open | High | Low | Value | Volume |
$19.60 | $19.80 | $17.00 | $8.650M | 477.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2910 | $17.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.30 | 820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2910 | 17.200 |
1 | 232 | 17.160 |
1 | 580 | 17.090 |
1 | 17 | 17.000 |
1 | 202 | 16.980 |
Price($) | Vol. | No. |
---|---|---|
17.440 | 306 | 1 |
17.470 | 1000 | 1 |
17.500 | 4000 | 1 |
17.520 | 1000 | 1 |
17.530 | 700 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online