4CE 6.25% 1.5¢ force commodities limited

Ann: Widespread high-grade lithium mineralisation at Kanuka, page-85

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  1. 7,151 Posts.
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    No I copped the same flack when I said the auger drill results were poor for Kanuka at 3-4c. Seb93 and a few others told me I was downramping and didn't know what I was talking about.

    The thing you have to consider is that transport costs alone from DRC are nearly as much as some other HR projects entire opex. This means mining has to be bloody cheap. You start dropping grades to "average" rather than "outstanding" and any kind of strip ratio past 2:1 and things are going to get tough. It's just the geographical reality in my opinion
 
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