Re: carmine
in response to
by
posted on
Apr 09, 2013 10:20PM
(Edit this Message from the "Fast Facts" Section)
This crap is completely misleading:
"leech needs 1.5MM but Sinker [drilling] 5MM."
The leach system may indeed require $1.5M, but that is for a complete system. The system has to be complete to be useful. However, why do you mention $5M for the Sinker with little or no discussion of what it really means? Even if it were to cost $5M for the entire driling program in the Sinker, do you really think that has to be completed before they can do anything else- such as process millions of dollars of new ore under their exploration permit? How much do you think it will cost in "drilling" before they can start that, especially since a lot has already been done in terms of identifying and assaying the veins in the Sinker that are at the surface and visible, i.e. no drilling required to access them? Did you even read the latest PR that stated
"The Company's in-house metallurgical team validated the ore quality from samples taken from the face of the Oro Fino vein structure crossing the SINKER tunnel. The Company's management believes that the earlier geological assessment of 3.75 oz/ton to more than 325 oz/ton (rare "Hot Zones" along the vein), are correct."
1000 tons of ore of that quality would be worth more than the $5M needed- and they could process that much in a month. And do you really think that they will have to spend the entire $5M drilling the Sinker if they are getting assays in that 3.75-325 oz/t range during the initial stages of the exploration process? Do you think that numbers like those that would serve to confirm the huge amounts of historical information and estimates of the contents of WEM (5-10M oz) might draw the interest of a major long before the exploration program has spen anywhere near $5M?
So why mindlessly bring up the $5M figure without putting it in context, or thinking about some of the other considerations involved? Your posts lately have been consistently of this type, bringing up negatives and asking loaded questions that even a little DD (or just reading this board) would address. This is just a subtle form of bashing, and while it won't bring a ban as quickly as more overt bashing, it will have consequences if it continues.