TAM 9.38% 3.5¢ tanami gold nl

director resigns ooops, page-11

  1. 1,519 Posts.
    lightbulb Created with Sketch. 28

    Hi all,

    Well I am not an underground miner but this latest announcement tells us the ore body is a vertical structure.

    Intuitively I think that a horizontal orebody would be easiest to mine....ie you load the truck and drive out.

    a sloping orebody you would stope.

    But a vertical orebody means that all the declines must be slower to advance downward or they would outpace the orebody.........so it's a ratio of development costs to orebody costs

    So I'd await the projected mining method / costs and budgets before I'd buy.
 
watchlist Created with Sketch. Add TAM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.