Along time ago, in a galaxy far far away, there was once a report (that's probably on our website) that estimated Ntiola to have a resource of an easy 200k Oz's at a shallow depth of 150-175mtrs... That's an easy 50k per quarter processed through Morila at a conservative $1250us an oz... 4% (forget about that 5% joint holders commission) gives a rough 2.5million US per quarter... Viper had afew shallow layers or layered veins (forget the terminology used)... Some hits at surface were as high as 7-9 g/t... @sydneysider gave a great explanation of Viper way back in the threads... Another poster had a graph of the hits... (Most of Barney's research was destroyed from a hard drive failure...) On a website solely designed to give a visual understanding from the jorc reports etc...
Morila can process 2-4 million tonnes PA... Expectations are they intend to be operating the flotation circuit until 2020...etc... That's where Ntiola n Viper come into the mix...Domba had 40-60k oz??? And was a low grade deposit, able to be processed within 3 months...
Average 50k per quarter gives 2.5million US or roughly 3 million AU @$1250us oz...etc... Time for Barney to sleep...He decided to come out of retirement and get a job, like an ordinary human...(no fun fishing during the week when ya mates can't be there to watch ya catch that one, that got away lol).
- Forums
- ASX - By Stock
- FFX
- Ann: Presentation to Shareholder Meeting
Ann: Presentation to Shareholder Meeting, page-287
-
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online