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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: 32% chrome verses38% Chrome
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32% chrome verses38% Chrome

posted on Mar 18, 2010 03:26PM

That 6% represents much more to the bottom line than 6% or even 18% percent IMO . IN a year of poor chrome prices and a 32% mine is just breaking even. The higher grade mine would still be in the green. IN a year of low chrome prices the grade difference could make up 100% of the actuall operating profit. IMHO its a no brainer to go with the high grade Big Daddy deposit as long as the tonnage is there. cheers RS

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