CFE 0.00% 0.2¢ cape lambert resources limited

According to their last Investor Presentation in May 2017 CFE...

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. 45 Posts.
    lightbulb Created with Sketch. 64
    According to their last Investor Presentation in May 2017 CFE currently has 70% interest in the dam and will increase to 85% and the Kipushi tailings dam was over 1km in length, 400m in width and average 8m deep. So according to my calculations that makes it 1,000 X 400 X 8 = 3,200,000 cubic metres

    3,200,000 X 10-12% Copper X 95.8% recovery = 306,560 to 367,872 cubic metres of Copper.
    According to Google one cubic meter of copper apparently = 8,930 kg's
    306,560 X 8930 = 2,737,580,800 kgs or 2,737,581 tonnes
    1 UK Ton = 2,240 pounds. Copper currently approx. $3.02 per pound.
    2,737,581 X 2,240 X $3.02 = 18.5b USD in ground value.

    3,200,000 X 1.8-2% Cobalt X 83.5% recovery = 48,096 to 53,440 cubic metres of Cobalt
    According to Google one cubic meter of cobalt is apparently = 8, 900 kg's
    53,440 X 8,900 = 475,616,000 kg's or 475,616 tonnes
    1 UK Ton = 2,240 pounds. Copper currently approx. $43.09 per pound.
    475,616 X 2,240 X $43.09 = $45.9b USD in ground value.

    Please feel free to let me know if I've royally screwed something up as these figures look way too high to me.
 
watchlist Created with Sketch. Add CFE (ASX) to my watchlist

Currently unlisted public company.

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