CRC cortona resources limited

re: announcement out Many of the intersections are very narrow,...

  1. 3,800 Posts.
    re: announcement out Many of the intersections are very narrow, reported as 1m thick, and are probably less than this in reality as 1m is often the minimum sample interval.

    Mining this ore width will be tricky with open pit equipment so probably a fair bit of dilution will occur. So ultimate reserve grade will be lower and tonnage higher, may by factor of 30% or even higher.

    CRC's market cap is ridiculously low. IMO. Seems low risk at this stage.

    If IGR had their plant at Randalls going, this dirt would go thru it under toll treatment. So maybe a tie up there between these two eventually, as IGR would be interested in getting the feed to the plant.

    market was pretty low key in response to the ann. obviously looking for something better and advice on the route to eventual cash flow. toll treatment avenues are now getting hard to find in kalgoorlie....

    acturtle




 
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