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Gold/Mining/Energy : Canadian Diamond Play Cafi

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TreKewl

From: MadDogMike	5/10/2021 3:04:50 PM
	1 Recommendation Read Replies (1) of 16203

Tsodilo Resources owns a sub-economic diamond pipe. ...but has anyone done the math on the Iron Ore deposit that they have? They are working on a PEA right now. They have a huge deposit to expand and drill out. Iron Ore prices are crazy and not to be considered long term...but what if they were to stick. In the ground inferred resource: 441 million tonnes @ 29% DTR Magnetic separation: 162 million @ 67.2% Price of concentrate = US$281.6/tonne Revenue = 162 million x US281 = US$45.5 Billion Upside: 5 to 7 billion tonnes at grades 15 to 40% Iron. Assume 6 billion tonnes at 30% iron. DTR Magnetic separation: 2.7 billion at 67% Price of concentrate = US$281.6/tonne Revenue = US$780 billion. Really dwarfs any diamond project that I have ever looked at. What makes this different then other iron ore projects? The ability to concentrate to 67% with DTR magnetic separation. Then further ability to pelletize...which adds US$62 per tonne premium. Tsodilo owns 2 drill rigs and has them both at site as far as I know. I believe the path will be: 1 -- Complete PEA that they have been working on. Publish. 2 -- Raise some serious coin on hopefully higher stock prices because of PEA 3 - Drill, drill, drill. The biggest question mark????? What will the QP use for a practical price of Iron Ore in the PEA study. The PEA will come with sensitivity price graphs. For a bit of a history -- Tsodilo was searching for kimberlites in NW Botswana in the 2000's...and stumbled upon this large iron ore deposit that was completely virgin. They spent several years drilling a part of it and publishing an inferred resource and then in 2013...switched focus to the marginally economic diamond pipe work while the iron ore price went into the gutter. Another recent change is that Botswana has recently completed a huge power upgrade to the country in the last 6 months...that was 5+ more years away when Tsodilo paused the project. LONG...TSD Mike ....another plus? Australia and China are in constant commodity disputes....China and Botswana...not so much.

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