Massive potential19 Oct 2020 11:41
Reading on advfn I came across this company... seems like the orom-cross is absolutely huge and their first drills are just looking at a fraction of its potential
“ The current drill program is designed to delineate approximately 8 to 10 million tonnes to JORC standard, to provide the initial resource for 10 years of mining, being a rate of ~800Kt per annum input into the plant. The area targeted represents less than 1% of the total Orom-Cross graphite deposit. Not only does this highlight the extraordinary size of the Orom-Cross project, but the potential significant scalability of development in the future.”
Given the belief that it’s mostly large and jumbo, and not even factoring in graphene you looking at $80m revenues per annum with just this 1%, wow WOW!!!
MCap £7m....no wonder I can’t seem to buy much.
I also think the timings are misleading. Their financial Q4 ended September so when they say Jorc our in Q4 I believe they mean calendar, so anytime now I hope ??
GLA