CAY 0.00% 16.5¢ canyon resources limited

Ann: Minim Martap Bauxite Deposit - SRK Consulting Report, page-49

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  1. 654 Posts.
    lightbulb Created with Sketch. 142
    so who has taken the time to read the full SRK report? not me, but i got through most of it. importantly it is a high quality piece of work that should give confidence in the numbers reported - and it spells out the path forward to upgrade the deposit from resources to reserves - only about 600 holes to outline 3 years worth of mining at 10mtpa. thats only a single season of drilling.

    upside? certainly not the 1.1bt that brgm calculated, but i did find this concluding remark humorous.....

    haha, only a couple of hundred million tonnes of additional resources

    time for me to liquidate some non-performing assets and get amongst this one......

    Exploration upside.jpg
 
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