The laughs continue:
It is a fact that with gold deposits that are very well understood operationally it is not necessary to convert
Mineral Resources to Ore Reserves for them to be profitably mined, because the ‘conversion’ effectively takes
place at the same time the ore is mined with extensive face sampling. The nature of this high-grade
mineralisation is very well understood because of the large quantity of hard-rock reef gold historically mined
by underground methods (over 6 million ounces averaging 38 grams per tonne) and modern time mining by
Citigold.
How to go broke in one easy lesson . . .
I love the bit how a crew of intrepid miners armed with clay pipes, Cornish pasties, rail carts, a timbered shaft and widowmakers justify the failed results of attempted mechanised operations ten years ago.
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