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1.2¢ zinc of ireland nl

I am not trying to act like an expert but the zinc grade is...

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bonjovi0308

56 Posts.

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16/06/17

21:31

Post #: 25327878
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Originally posted by plough ↑

If you are referring to cut -off grade I was thinking more like 9% , 6% that they are working on for a cut off grade for a small underground seems too low.
6% would be around $150 a tonne or about 4 gram a tonne Au eq , how many underground Au mines at 4 grams a tonne I cant think of any can you ?
And this is also polymetallic which means you have to obtimize one of the metals for recoveries which hurts overall recovery normally . Still the cap is low so probably will do ok on the announcement

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I am not trying to act like an expert but the zinc grade is pretty high relative to other projects. Lower the cutoff grade to 3% equivalent total tonnage increase to 11mt at 6% equivalent.The management needs to expand.the resource to at least 20m t at similar grade.

Regarding gold grades for underground mine, China's average grade is around 1g/t or even less but I agree that's not normal.

ZMI Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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