Re: PR's, Assays, Bulk Deposits, Speculations/ Koala
in response to
by
posted on
Jan 15, 2011 07:13AM
Good Morning all faithful longs...........Yes, besides estimated resources, the next best thing I could hear is that there is a possibility the mine life will be greater than 5 years. 10 or 15 years would be nice, especially at increased production rates available from greater depths. Costs could go up as a result, but who knows what grades of ore will be found? I would think economically 93-97% pure gold would more than offset costs of lets say 60-70% gold. All purely speculative but worth the time to toss all these different scenarios around. 3x10e6 has had some excellent comments in regards to mining operations and how it all relates in dollars and cents, as has GRIM. I think that is the type of input we all enjoy reading. 36,000' of drilling is a good thing. Not as much as they wanted to drill last summer, but if drilled in more precise spots, instead of searching might do just as much. I really couldn't say whether the holes will be deep or shallow, but someone up there must have a plan. I didn't see or hear the drilling would commense after securing any type of funds to do it. Just said they "will" be drilling in May. Financing may be closer than we all think. BBS.