I know this is probably a stupid question but I’m going to ask anyway. I saw the CLA announcement this morning but didn’t buy in because I thought the result grades were low. A couple of people on here put up a couple of spreadsheets showing low, medium and high grade result percentages and I’ve been referring to them when mining results come out. Based on those spreadsheets this morning I thought the cobalt grade of 0.11% and the copper and zinc grades of around 0.40% were low grade. I get it that the tonnage and life of mine was better than expected but don’t really get it that if the grades were low then why a 40% increase in share price. I guess more to mine equals more money eventually for the mine but if the grades were low then I don’t really understand how it can substantiate a 40% rise in share price. Maybe someone can explain if I’m reading the grades right when comparing then to the spreadsheets. Probably a dumb question but am not sure if I’m doing the right thing and want to get it right next time.
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