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8.00%

13.5¢ intermin resources limited

Thanks ST ,and that's without the rest of the other deposits...

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bodeh

190 Posts.

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26/11/18

14:35

Post #: 36641321
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Originally posted by Sharetrader78 ↑

Hard to know infill drilling which is underway will be a good indicator of reserves we can mine profitably and at what grade.

Personal I think are grades will increase from .32% towards the .40-50% ...

I remember JP making the comment Lilyvale on its own would be a 90yr LOM so in that maybe he is thinking of a 90mt Vanadium proven JORC reserve from the 627mt resource

300mill turnover x 90yrs LOM - $27billion

A Proved Ore Reserve is the part of Measured resources that can be mined in an economically viable fashion. It includes diluting materials and allowances for losses which occur when the material is mined.

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Thanks ST ,and that's without the rest of the other deposits (2billion approx) Rothbury,Manfred,& Burwood

IRC Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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