The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Sorry to spoil the fun but it's nowhere near that value.
For starters what percentage of the 250,000 is actually graphite? The previous estimate was 20%:
"Bernard and Strache in 1916 estimated a resource of 200,000 to 495,000 tonnes at
an average grade of 20% graphite"
Of that 28% is jumbo or super jumbo size.
Then it costs an awful lot to turn it into the spherical type needed for EV batteries, hence why it's expensive.
So we're looking at a tiny fraction of your calculation. Sorry.
Elir has some numbers which are more accurate, but I believe he uses 250,000 @ 100% graphite.
If you want big numbers work out how much Iron Alba are sitting on.
Yep this RNS is good. If people feel disappointed or just deramping, don't. The purpose of this was to find where gold is, not dig it out.
Now we know there is gold for sure, at a later stage they can go in with the big drills and pull the gold out. Then we'll be looking at some nice numbers.
I just wish it was moving at a faster rate so we can get selling the gold.