CWX 0.00% 11.5¢ carawine resources limited

the envelope

  1. 264 Posts.
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    I've had a stab at quantifying Hill 800. By my back of an envelope volume calculations at a conservative 2t/cubic m, CWX has about 200koz (happy to hear other people's envelope workings). It's not a huge volume yet, but it's open and looks like it can grow significantly. It also looks to me like it will be an open pit at about 2g/t.
    Obviously, this is a very rough guesstimate, but you have to start somewhere...
    Open pit at this grade should be straight forward and very economical and with an EV of less than $8m, it's verging on ridiculous (an ASX shell Company is with about $4m).

    Then there's the Oakover, Paterson and Fraser range assets...
    Last edited by mlives: 16/09/18
 
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