CAY 8.20% 16.5¢ canyon resources limited

Oz,The resource will grow in both grade and quantity.  Even...

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  1. 7,938 Posts.
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    Oz,

    The resource will grow in both grade and quantity.  Even though it is currently more than econonomic for a 10 million tonnes per year operation. It's all very clear from company reports.

    Only 30% of plateax explored and previous parties were trying to build an alumina refinery, not build a resource for a bauxite export operation. Their focus was do enough drilling to prove that concept....just couldn't pull off the billions required for the investment.
    All out there in the public domain.  

    In the meantime, I'm looking forward to seeing what comes out of Indaba and mindful that the PFS is due end of Q1 give or take.
 
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