NiBlack ResourcesNiBlack released decent resource report. 3.32 tonnes of mineralization over NSR cutoff of $50 per tonne. Grade is ok as the NSR value is $111/t for sulphide and $93/t for oxide resources. It could be a mine if they roughly double the resource.
Haven't been very enthusiastic about CBR after I realized that Three Bluffs is a typical vein deposit, not simple open pit operation is has been marketed as. I.e rapidly rising strip ratio for open pittable portion and UG after 50 or so meters. I concluded they need considerable more resources there to show decent economics. NiBlack is at least as interesting deposit.