In addition, Monwezi 2 is proving up and will likely be a relatively simple satellite extension.
Back of the envelope calcs suggest 300m at surface extension x 150m strike x 20m width @ SG3
= 2.7MT Cu @ say roughly 1.5% head grade.
That would equate to a resource increase of another 40,000 tonnes of Cu and a 2 year mine extension straight off the bat before we expend $4 million on exploration this year.
Note 40kT of Cu has an IGV of approximately USD260 million....
Add that to the unrealized USD 1 billion stockpiled cobalt.
And lets not forget Monwezi 7 cobalt mine fragments and the nearby new find to Kalongwe pit.
It will just keep on going imo!!!
NZC Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
