CFE 0.00% 0.2¢ cape lambert resources limited

Been through your numbers a few times and they make sense, in...

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  1. 784 Posts.
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    Been through your numbers a few times and they make sense, in fact you have been somewhat conservative with the dimensions of the dam. To quote the announcement....

    "The Kipushi tailings extend for over 1.2km in length and over 400m in width. The tailings have a maximum depth of approx. 12m in the centre of the tailings dam and 5m at the boundaries of the tailings dam, with average depths of approx. 8m."

    That puts the it at 3,840,000+ cubic meters and using google maps, (11°46'25.7"S 27°15'50.9"E) site appears to confirm at least the length and width of the tailings dam.

    If these figures are correct, in simplest terms the damn contains (say at 1.5%) 57600 cubic meters or 512 640 tonnes of Cobalt. (83.5% = 42805)

    So we maybe looking at producing 42805 tonnes of cobalt @ 93,750USD = 40 billion worth of cobalt.

    Even at 10% profit margin to go into dividends - which is incredibly conservative but takes into account all the DRC & TS taxes we will look at $4Billion USD or 5.2B in potential dividends.

    At 10% profit margin of $5.75 per share dividends.... some numbers do not make sense here.

    Please someone tell me where I have dropped a decimal point or something.
 
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