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.
Bernard and Strache in 1916 estimated a resource of 200,000 to 495,000 tonnes at an average grade of 20% graphite based upon surface and underground mapping and trenching work, although this is unlikely to be based upon any drill core results. A “Review of potential resource critical minerals in Greenland – MiMa report” in 2016 by Bo M. Stensgaard, Henrik Stendal, Per Kalvig and Karen Hanghøj estimates the
original ore body at Amitsoq is around 250,000 tonnes of graphite.
Recent & Near-Term Alba Developments.
Results from a metallurgical testwork programme in October 2019 showed that saleable and high-grade graphite could be produced, with a 97.3% total graphite content. Furthermore, some 36% of the refined product consisted of large, jumbo and super jumbo-sized flakes (Fig 5) which command a premium price.
Is it really worth digging up for a few million quid? Sounds like a lot of effort and I can't see that moving the share price much.
Melville Bay is looking much more interesting, there's literally billions worth of iron if they can tap into it.
Also iron is trading at 170 USD @ 62%. And they expect there's an additional 100-200mt of iron at Melville Bay. So your numbers are on the extreme conservative side IMHO. Add in a PE ratio of 15 and the share price is a bargain. Just a shame MB is a good few years off producing anything.
100 million tests a year at £2.50 profit?What kind of PE is typical here 10? Wowzers!
This won't happen if you read the RNS.
"Processing of the bulk sample at the Company's pilot processing plant is expected to be ongoing throughout much of Q1 2021. The Company does not expect to be in a position to release results until all processing has been completed and the results have been verified.'
Weeks? Just to set your expectations:
"Processing of the bulk sample at the Company's pilot processing plant is expected to be ongoing throughout much of Q1 2021. The Company does not expect to be in a position to release results until all processing has been completed and the results have been verified.'