More ABSOLUTE NONSENSE FROM YOU! which proves to me you not only put FALSE INFORMATION on this blog to fool the forum but also no NOTHING about gold deposits!
First of all you don't even have the right mine . , We're currently drilling Butcher's Creek, derrr, not Golden Crown right now but the argument I am about to present is still the same.
The ore body at Butcher's Creek is wide, long continuous intercepts with little internal dilution meaning that the gold mineralisation is more homogenous than many other deposits. This means you have larger volumes of gold mineralisation with much less strip ratio which makes this deposit cheaper to mine than others because in the end what makes a mine profitable is the cost to produce an ounce of gold.
As an example I will do a comparison.
Butcher's Creek produced 761,[email protected] g/t Au for 52,089 ounces in its short time in operation. Ramelius(RMS), a 1.8 billion dollar gold company total mill production from commencement to 30 June 2019 is 12.72 Mt at 1.77 g/t for 672,938 recovered ounces. That means that for equivalent tonnages adjusted Butcher's Creek would produce 870,659 oz of gold or 23% more gold than Ramelius!
Then add that we have open pit mining(cheaper),our great metallurgicals at over 93% recoveries, the price of gold increase of 5.5 times since Butchers was last mined in the 90's, together with the homogenous nature of the orebody with little internal dilution makes Butchers Creek a very attractive gold deposit to mine, and I can see now why at the recent EGM a large new investor(60 years in the gold industry) in MEI said that 'MEI was one of the best gold opportunities around.'
So, again please do not come back to this forum until you have something knowledgeable to say and not lies, misinformation and outright nonsense to fool forum members! Shellbell's post would be a good place for you to start-PRESS HERE
AIMO
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