Very nice to have the maiden measured resource..........they have added approx 9.5 mill ton to the overall JORC and have a solid (65%) measured component.
- Maiden Measured Mineral Resource estimated comprising 30.9Mt @ 99.28% SiO2 (cut‐off grade of 98.5%, density 1.62t/m3). Represents 65% of the total JORC mineral (47.5Mt) resource
- The deposit is dominated by clean high grade >98.5% silica (quartz)
Reminder of the base metrics they're 'working with' here:
"$80.25m annual revenue based on a production target of 750,000 tonnes per annum high‐grade silica (refer to the Company’s scoping study released on 9 September 2019) and sale of 750,000 tonnes per annum of high‐grade silica at a commodity price of US$75 (A$107) per tonne"...............
"Estimated after‐tax return of $24.7m (Cook town loading) or $39.2m (Nob Point loading) per annum".
$14mill mcap just doesn't doesn't do this justice really...............first binding off takes should see some serious action here...............and if they can ever progress these Cyclone dealings then even more upside to be had.
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- Ann: Galalar Silica resource expands 25% to 47.5Mt
Very nice to have the maiden measured resource..........they...
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