WA1 RESOURCES LTD (ASX:WA1) - WA1's estimated JORC resource, 74398686, page-9 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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aubin

596 Posts.

703

19/06/24

20:42

Post #: 74398686
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Originally posted by Ragshak: ↑

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.

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WA1 Price at posting: $20.69 Sentiment: Hold Disclosure: Held
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Last $15.59		Change -0.170(1.08%)		Mkt cap ! $1.008B

Open	High	Low	Value	Volume
$15.64	$15.70	$15.08	$2.769M	180.2K

Buyers (Bids)

No.	Vol.	Price($)
15	570	$15.57

Sellers (Offers)

Price($)	Vol.	No.
$15.60	1187	7

View Market Depth

No.	Vol.	Price($)
9	319	15.530
6	156	15.520
2	147	15.510
4	944	15.500
2	243	15.490

Price($)	Vol.	No.
15.550	175	4
15.570	20	1
15.580	82	3
15.590	301	4
15.600	1050	2

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