POS 0.00% 0.4¢ poseidon nickel limited

new sulphide ni hits, page-11

  1. 2,606 Posts.
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    Blythefan

    I think you are getting ahead of yourself talking about mining factors etc. Still early days for Cerberus with many open directions.

    Also I disagree with your suggestion that being narrow and high-grade is a problem quote:'Look at the facts - it is thin (but high grade), most intersections being under 1m of massive (30cm!), and its structurally disturbed and squirted into pissy little pods.'

    Would you rather a much wider low-grade deposit? I doubt it, as it means more tonnes to blow up, move and process, all adding to costs. Sure a wide high-grade deposit would be preferable to a narrow one, but it is what it is. Maybe they just haven't hit the right 'pods' yet with the wide-spaced first pass drilling.

    Minimum extraction varies on your equipment, but 30cm is a mineable width provided economics work - just look at some Aussie gold mines. Too early to tell about engineering and geotech properties.
 
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