chamonix
have noted your comments of late re;commencement of mining and in part i agree with your comments on timelines
I believe however there is a possible scenario that could expedite the production scenario and there are several factors that may support my idea and bring forward those timelines considerably (perhaps)
thought i would put it out there and see what thoughts you and others have
mitigating factors
1. NT govt extremely keen to fasttrack mining projects
2. No native title on EXM tenements
3. tenements littered with existing (historic) mines
4. Existing roads, power grid and other valuable infrastructure already in place on tenements thanks to previous mine operators.
5. Metallurgical testwork indicates above 95% recovery rates
SCENARIO
Nobles Nob
168,400 t @ 7.89 g/t gold for 42,737 Oz JORC compliant
plus COPPER
A large part of this resource lies directly below the old pit floor with grade control drilling previously performed to a distance of approx 9m below old pit floor with many holes ending in mineralisation.
So the pit has already been dug
no overburden to remove
I assume some minor redesign of pit will be required
Surely green and red tape approvals are a given as it is already a mine
This to me seems the ideal extreme low cost option for commencement of mining that will provide the funds required to support other open pit operations
43,000 Oz x A$1000 oz = A$43,000,000 revenue less costs (costs would have to come in at the lower end of the spectrum lets say A$300)= A$30m profit
very rough numbers but it gets my point across
COPPER WILL ALSO ADD TO ECONOMICS SUBSTANTIALLY
what are peoples thoughts ?
- Forums
- ASX - By Stock
- DSE
- start up scenario at nobles nob
start up scenario at nobles nob
-
- There are more pages in this discussion • 21 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 DSE (ASX) to my watchlist
|
|||||
Last
$3.27 |
Change
0.030(0.93%) |
Mkt cap ! $228.4M |
Open | High | Low | Value | Volume |
$3.24 | $3.30 | $3.23 | $215.8K | 65.97K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $3.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.43 | 5500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6600 | 3.020 |
2 | 5693 | 2.950 |
1 | 15000 | 2.940 |
1 | 4 | 2.900 |
1 | 40 | 2.560 |
Price($) | Vol. | No. |
---|---|---|
3.430 | 5500 | 1 |
3.520 | 3929 | 2 |
3.530 | 1000 | 2 |
3.540 | 2500 | 3 |
3.550 | 11000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
DSE (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online