With respect to early grades - you will note the Company is going to conduct beneficiation tests on samples with decent manganese grades in them so as to ascertain the beneficating properties of the material and therefore more accurate widths of potential mineralization.
This can turn 1m into 2m or 3m into 7m etc etc of usable material.
Remember as a conservative aim the Company is aiming to define 10MT of decent graded beneficable resource as the first target. All things being equal that should justify something around the $3 mark.
How that would be comprised is anyones guess. I would suggest we will see zones of varying dimensions (100kt up to 2,000kt). At the end of the day they just need to keep adding up. Remember this project has a very very large footprint.
IMO DYOR
ARM Price at posting:
$1.15 Sentiment: None Disclosure: Held
