SRN

14.3%

0.3¢ surefire resources nl

Thank you for your reply, I really appreciate it.

First 38 Last

Share
Profile

Follow
KV1982

61 Posts.

2

05/11/18

00:57

Post #: 36386379
Share

Originally posted by demoniaco ↑

I was just pointing you to the direction of how to understand the FA.

I tried to understand it myself, after hours of trying to find the V2O5 drill results at the Speewah project, I found nothing. I'd love someone to show me, because it's not shown on any drill results that I've seen, nor is it on the KRC website that I could find.

I could find all the information about the tonnage and grades, but I still to this day cannot find out how deep the V2O5 resource actually is.. My suspicion is that it's extremely deep, which would justify a $2.5bn (+/- 35%) capex. As I see they've got a resource map that goes almost 600 metres deep..

We know exactly how deep the SRN resource is, we know the grades and the tonnage. It's relatively easy to estimate the CAPEX costs, there are dozens of Vanadium companies to compare to and thankfully many of them have quite similar resource sizes.

I've previously posted in SRN forums about the comparisons of market capitalisation between SRN and these other companies, and I find it comical that we are still <$10M in market cap.

I've recently added on @ 0.009 as there risk to reward is incredibly good, provided that management doesn't screw up immensely like many other junior in the ASX do.

Expand

Thank you for your reply, I really appreciate it.

SRN Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 26 more messages in this thread...

First 38 Last

Add SRN (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $11.91M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$4.68K	1.56M

Buyers (Bids)

No.	Vol.	Price($)
33	32702110	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	16051790	14

View Market Depth

No.	Vol.	Price($)
4	2047202	0.006
37	22971369	0.005
18	12651088	0.004
6	9377517	0.003
7	8600000	0.002

Price($)	Vol.	No.
0.007	11505476	18
0.008	4214871	9
0.009	3608054	6
0.010	9379722	12
0.011	3571818	3

Last trade - 10.50am 22/11/2024 (20 minute delay)

SRN (ASX) Chart

Thank you for your reply, I really appreciate it.

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thank you for your reply, I really appreciate it.

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News