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3.33% 3.1¢ strike resources limited

re: Ann: Local Community Grants Access to Apu... iron ore is...

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  1. K8
    296 Posts.
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    11/09/13
    23:29
    Post #: 12318071
    re: Ann: Local Community Grants Access to Apu... iron ore is typically 62% fe so from memory they have 1bt at about 46% average so it's similar to having 740mt at 62% standard grade.

    They wanted about 500mt @ 58% at apurimac currently ~270mt

    And around 800mt @ ~ 45% at cuzco currently ~ 660mt using cuervos figures.

    so each area can produce 20mt for 20 years @ 69% fe

    They are not far away in resources if they can get drilling again but will need a big backer soon.

    SRK Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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