CMET8 May 2021 17:40
The more I dive into this company the more I like it. With a current JORC Resource of 17.2 mt with average grades of 17.6%. With only 10% of licence area tested at only 3 meter depth. Bearing in mind that minerals were detected at end of the auger. Plus two other holes were drilled down to 14 and 8 metre depths at over 26% mineral sands. You could well be looking at a POSSIBLE 200 mt deposit of total Heavy Minerals (THM) . Maybe even more with nine additional licenses applied for. Also bearing in mind that minerals detected at the end of auger at only 3 meters. So again potential to increase current JORC if minerals are deeper than those holes tested. The 4 main minerals are zircon, garnet, rutile and ilmenite. Which is used in many industries around the world. Paints ceramics, chemicals and abrasives. The paint and coating market alone was worth $146.2 billion in 2019, and expected growth rate of 4.3 % up to 2027.the ceramics market is worth at this moment $229.1 billion.
The global abrasive market could be around $58 billion by 2025. CMET have a world class resource, no doubt about it. IMO, when the rest of the licence area is tested at a later date. Get the mine up and running first of course. I wouldn't mind guessing that this could get much bigger with additional licenses surrounding the current resource. That will also give you a long mine life, just the current resource gives you a 8_10 year mine life. (ROM). Get the EIA and mining licence granted as others have mentioned. I think then funding will quickly follow soon after. Which is not a lot when you come to think about it.All the information is there in the RNS,S for those that are thinking of INVESTING in this very interesting company. World Class deposit, high quality/grade and long mine life. GLA