Anyone have any opinions on the recent results (Homerville - Dratoz???)
The copper is looking kinda nice, not Sandfire nice but nice nonetheless. Probably gonna have more copper here than at Yeoval.
e.g. if we have
300m strike x 200m vertical extent x 36m width = 2,160,000m3
SG of 2.8 (probably more than that in reality)
= 6,048,000 tonnes @ 0.89% = 53,827t Cu
worth about US$355M - not bad - especially if the ore starts shallow.
The standard "IGV rule" of 5% would value AUK at 21c for
the copper alone (If my calcs aren't BS)
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- any opinions - anyone home??
any opinions - anyone home??
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