WhatNoGravy, the "company's numbers" of $9m are based on a WO3 price of US$182 per mtu WO3 and US$28 per lb Mo.
I used the current market prices.....that is the difference, albeit a significant difference granted.
As you say, the real kicker is the extended mine life but equally importantly Mt Cannindah.
You make no mention of that yet it has an existing JORC compliant resource of (at a copper cut-off grade of 0.5%) of 7.47million tonnes at 0.97% Cu, 0.38g/t Au, and 15g/t Ag.
That is, contained copper in the primary mineralised portion of the deposit of 72,000 tonnes; contained gold of 91,000 ounces; and contained silver of 3.6 million ounces.
Deep drilling at Cannindah is the real potential company maker.
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queensland ores limited
WhatNoGravy, the "company's numbers" of $9m are based on a WO3...
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