CMM 0.16% $6.43 capricorn metals ltd

The ore reserve is not in addition to the resources. Measured...

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    The ore reserve is not in addition to the resources. Measured and indicated resources typically convert a fairly high percentage to reserves but it depends on a number of factors. My guess is around 80% conversion hence the estimate of an initial 8 year mine life (at ~100koz pa).

    The principal difference between resources and reserves is profitable extraction makes mining justified. This is why I alluded to the generous gold price used for the pit. The DFS will not likely use a A$1750 gold price if the spot price at the time is A$1600-1650 (range for last 3 months). If CMM go to banks seeking finance on a high gold price then they may be turned down.
 
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Last
$6.43
Change
0.010(0.16%)
Mkt cap ! $2.397B
Open High Low Value Volume
$6.43 $6.55 $6.42 $531.6K 82.04K

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