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Seive!! Seive Samsung, why it feels the need to correct it
We could settle this debate easily, oldslow get your spade, bottle of volvic and your blue barrel of acid, and get digging.
Don't forget the server!!
And for Pete,s sake wear gloves đ
Ok Old but it still wouldnât make sense to do so and wouldnât be of any scientific âgainâ or indicative of any cost or profit.
âNO,i was saying if we already have the cores with say 5%â - a 50, 100, whatever hundred metre core sample yes which takes into account metre by metre along its stretch. Letâs say the 99-100m core sample bit weighing 8kg⊠you can gather than surely that to dig 3 ton at that 99-100m depth to get that amazing % of mineralisation at that point you would have excavated millions of tons of whatever else?!
âave then put them through a wash/mill/with water and acid and see how easy it is to do it,and how much acid is needed,the water is cheap to seperate out the titaniteâ - could do this but I imagine they already know a rough figure.
âwould give a ball park cost to get the titanite refineâ -No, it wouldnât. It really wouldnât Old because as I said in my previous post they donât mine by pulling up drill cores so fundamentally this would be a bad idea. And wouldnât give a ballpark cost.
âthen multiply by a few billion to see the potential cost versus the prize of a ton of ti at $1500 @95%â- you canât just âmultiply by a few billionâ although if my wife asked me how frequent Iâd like our bed time exercise to increase Iâd go with that answer.
Haha, touché
Your right, have fun
But yet you still do put yourself in the conversation..every time..for whatever reason.
I'm at that point where, I don't even want to put myself in the conversation.
He could say 2+2=5, I'd be like.
Your right, have fun
NO,i was saying if we already have the cores with say 5% ave then put them through a wash/mill/with water and acid and see how easy it is to do it,and how much acid is needed,the water is cheap to seperate out the titanite would give a ball park cost to get the titanite refined. then multiply by a few billion to see the potential cost versus the prize of a ton of ti at $1500 @95%
đ€Łđ€Ł God loves a trier tho eh, I really want what he smokes!! Sounds fun
Oldslow65 are you asking as to how much it would cost to extract the said weight of a core sample and then as to how much weight that core would have and then as to how much money we could get for that specific core?
If so I don't think the profit would be much if any a core sample isn't the way to mine and would be very costly versus ordinary digging methods. The core sampling is purely to see the makeup of a potential area of mining and the different % per metre of mineralisation which you would then be able to gauge as to how much a traditional mining operation would cost to extract and the best method for doing so.
Not to rain on your parade either but simply sampling a coreand lets call it 200kg of core and then multiplying it by 5 isn't at all a good way of finding out the cost and could make a sample look very good or or very bad.
E.G If you pull a 100metre core and the first 40 metres is ridiculously magnificent from near surface but then the last 60m are crap it wouldn't mean that the core is crap it just means that the area would be great and cheap to extract the first 40m and then you would save yourself the bother from mining further down than the initial 40m.
Venture
Jakesdad, i agree, the grade and tonnage will kickstart the excitement and share price quickly enough.
I have been adding all the time while we are at these lows, so quite happy to have accumulated a good amount.
I am looking to hold for a minimum of 1 year till we get the pilot plant up and running. But I wouldnât be surprised if we are bought out before then, or at least a joint veventure with a bigger partner.
GLA
đ€Łđ€Ł stop it, I can't!!! I thought you ran the numbers last month chief, 1.7 to 3.6 billion wasn't it? ÂŁ2.88 sp from a ,$65 ton value. All rudimentary of course my dear Watson.
I decided not to filter you mate, your good for morning giggles
In the presentation about a month ago, SB says when this set of drill results are in , he will give the market "Grade and tonnage "
Should be an interesting day.
Has anyone worked out the tonnage from the core samples? if its 6000mtrs (40 holes)and we know the core diameter you could work out approx what ore sample weight we have, and separating the titanite out would give a very good indication of cost of extraction,ie we get 1 ton of ti from 50 tons of ore using some acid and agitating it through a very basic wash plant,they already have the aussie gov. grant funding.
So any day now the drill samples will be finally tested,im expecting as shaun says mineralisation from top to bottom of the drill,ie theres a lot more there but we dont need to drill that deep as its under our feet and very cheap to extract a giant ti find,he said it rinse and repeat of the first 40 holes of the other area identified as the best to start mineing,or simply digging as its at surface....
Think that's great news, as it doesn't fall too much into the category of risk there referring to, not state owned or from countries with direct competition. I would say we would benefit from a level of protection through incentives and grants, as for empire to not fall into such category if some of them come knocking 1 day!
Https://www.bloomberg.com/news/articles/2024-04-30/australia-cracks-down-on-foreign-investment-in-critical-minerals
âNew investorsâ
Weâre already there, already have permission and weâre already drilling.
Note needs to be taken as to why the Oz government is putting thing likes this in place now, a belief that a bullish run on metals is perhaps an indicator.