PUR 20.0% 0.2¢ pursuit minerals ltd

No - 20t of 0.4% ore turned into a 2% con is approximately 25%...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,151 Posts.
    lightbulb Created with Sketch. 2294
    No - 20t of 0.4% ore turned into a 2% con is approximately 25% recoveries and 5% mass yield.

    I don't know what the process for that was, I was just working off the figures in the announcement.

    Conversely AVL have something like 60-70% recoveries and 70% mass yield or something like that (can't remember off top of my head). They are basically taking just under 100t of 1% ore per tonne of 98% flake.

    PUR in comparison assuming 90% recoveries from a 2% con in stage 2 would take 20 x 98%/(2% x 80%) = 1,088 tonnes. It's hugely different.

    I have no quals in any of this though and could be missing something but my numbers seem to align to figures in the announcement where they say 80Mt of ore boils down to 80,000t of contained V2O5
 
watchlist Created with Sketch. Add PUR (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $7.270M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $8.573K 3.786M

Buyers (Bids)

No. Vol. Price($)
54 55488336 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 15705345 14
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
PUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.