How very well said Vigdorian, I loved all of that.
Semmel, On your point about LKAB and us needing them for the underground mining, as the drilling results continue to come in, I think we will find the resource to be one ginormous blob that we are all only starting to appreciate the scale of. This is what has been communicated to me. Most portals to underground mines are situated at the bottom of open cut mining pits. You can only dig a hole so deep unless you keep increasing the breadth of it. we are obviously not going to dig something like the Kalgoorlie super pit here, but still, one metre of our resource equals a years production does it not? It's literally right there on the surface, we will not be underground there for a long time. Once you go underground you can chase the vein of your resource for as long on a horizontal plane as you like and also keep going down.. a really long way, for as long as the economics and safety of it make sense.
I really don't see there is any urgency for Talga to have a miner of much pedigree in place at all, at this stage. Really what we are talking about is more of a quarrying type situation to get us going for quite some time into the future. Not to take anything away from Quarrymen, but it's not rocket surgery. Happy to be corrected by someone who has a better take on it?
TLG Price at posting:
$1.41 Sentiment: Buy Disclosure: Held
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