copper from last rns26 May 2021 13:03
RNS 20/5/21;
'Furthermore, through extensive drilling over a five-year period, GWM has established a Mineral Resource on its first target area known as M2, of 4.3 million tonnes 0.45% copper, for 19,000 tonnes of contained copper metal. This resource has been independently reported in accordance with JORC guidelines. '
19000 tonnes at about £7000/tonne (not sure of exact price) is £133M, 10% (not sure of the mining costs here) will be £13.3M. This is more than our current mcap for just one target area. Anyone know of what the mining costs for this target area would actually be ? GLA