OBM 4.17% 34.5¢ ora banda mining ltd

You keep coming up with that high grading comment zog.have you...

  1. 1,581 Posts.
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    You keep coming up with that high grading comment zog.

    have you spoken to Luke about your views?
    has he explained to you what high grading actually means??

    clearly not from what I hear and where you sit

    underground ores and stockpiled open cut material, plus development ore will be blended for the next ~9 months, then the mill will be supplied 100% by 2 underground operations (assuming Sand King proceeds)

    Any comment by people concerned about a 3 year ++ mine life at these locations simply don’t understand underground mining and resource definition compared to open cut planning.

    (If you don’t understand it, or don’t believe LC knows what he is doing, don’t buy these shares)

    It is markedly cheaper and more efficient to extend underground reserves and resources by drilling from underground locations …

    The geology is demonstrating multiple parallel structures and mining can be managed in future sourcing from multiple faces.

    By this time next year, i have a very high degree of confidence both declines will be delivering ore to the mill at the rate of 600,000 tonnes pa each at an average grade exceeding 4.3 g/t

    ie; total 1.2 mtpa
 
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