I just took a look back over the ARD Zinc story as I'd not paid much attention previously, preferring to see it more as a silver story in the past. But with Zinc at 8 year highs (article below) and precious metals still in the doldrums I thought it was worth a 2nd look...... and it makes some compelling reading. The below figures are 2 years old so recent drill results need to be added.
Kempfield has 15.8MT @ 1.3% for around 200k Tonnes of Zinc
Sunny Cnr (100k from Kempfield) has 1.5MT @ 3.7% for 55k Tonnes of Zinc
That is an estimate of 250k Tonne of Zinc (in 17MT of dirt). At the current market price of over $2700US a tonne that is about $700USmil worth..... obviously the recovery levels would need to come into play.
Does anyone with some Zinc mine knowledge know if the 1.3% grade at Kempfield is a good grade?
And is it viable to process the various precious metals and Zinc at a single plant and separate them out to sell separately? Or is that process too complex?
Kempfield Zinc Resource
http://www.argentminerals.com.au/kempfield-mineral-resources/
Sunny Cnr Zinc Resource
http://www.argentminerals.com.au/sunny-corner-mineral-resources/
Beer and Co. report from Nov 2014
http://www.argentminerals.com.au/investors/analyst-reports/
Zinc price chart for 12months
http://www.bbc.co.uk/news/business/market_data/commodities/11687/twelve_month.stm
Zinc hits 8 year high
http://www.dailymail.co.uk/wires/re...inc-hits-highest-8-1-2-years-fund-buying.html
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