CZI 0.00% 11.5¢ cassini resources limited

They don't have to be the same plant? Nebo-Babel is obviously...

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  1. 7,151 Posts.
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    They don't have to be the same plant? Nebo-Babel is obviously the place where the project will start.

    But they could drill out Succoth and put WMP profits back into building a second plant for Succoth?

    If you look at the announcement on 18/02 and go to page 3 I get an interval weighted grade of 0.786% Cu. It also looks like from the new holes data on page 4 that average Ni is 0.05-0.06%.

    If this is included that means average grades for Succoth are around 0.90% CuEq + 0.15g/t PGE (PGE's are 2/3rds Palladium). At current prices that pushes overall metal equivalent into the realms of 1% CuEq.

    Now I expect Pd prices will fall again but Ni and Cu I expect to rise in tandem which will somewhat offset this.

    If under the new geological interpretation of the folded structure they can present a large resource increase and the ability to mine via open pit then I think it is a significant resource in it's own right that will be worthy of a second plant.
 
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