EXU 0.00% 17.0¢ explaurum limited

So what were the estimates for Mace before the announcement? I...

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. 2,900 Posts.
    lightbulb Created with Sketch. 127

    So what were the estimates for Mace before the announcement? I think Pints had 100k and enough profit to pay for the mining plant. What happened to the 5 g/pt?


    Well here we are with a Friday afternoon release which pretty much means that you don't even have to read the release and just assume it's a stinker. It goes past a stinker though. 20k INFERRED and at a 0.1 cutoff which isn't far away from the low grade stockpiles Esh keeps reminding us of being fed into the mill.


    1.4 g/pt is worse than the main deposit. 


    But hey when reality differs from the expectations you've been dreaming about i'll leave you a couple of Esh quotes to keep you all on the bandwagon.


    "The mining cost will be practically zero..."


    "Say the real grade is 5 or 6 times higher than the grade estimated in the infered resource..."


    There you go 1.4 g/pt becomes 5+ g/pt and instantly we get to 100k and perhaps it will pay for the plant as well. Sleep tight Esh and remember "dreams are free". 

 
watchlist Created with Sketch. Add EXU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.