also to point out I don't think he is on the money when it comes to acceptable UG grades for block cave mining as Cadia East average grade is around 0.85g/t AuEq which is about 0.68% CuEq which is about half the 1.25% he mentions. I know other UG porphyry deposits which are being mined at lot lower grades.
And at 0.68% CuEq, NEM makes massive profit from the operation. Meaning one can mine at lot lower grades and still make acceptable profit.
I am not trying to defend NMPP but I want to point out it can be mined - it's just a matter if any potential partner sees the project offering acceptable returns. Some mid-tier players will probably be keen on the project.
The giants will probably be looking for higher returns.. unless ALK makes another discovery at high grades and/or Au and Cu prices move lot higher.
- Forums
- ASX - By Stock
- Ann: Boda-Kaiser Scoping Study
also to point out I don't think he is on the money when it comes...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add ALK (ASX) to my watchlist
(20min delay)
|
|||||
Last
42.8¢ |
Change
-0.013(2.84%) |
Mkt cap ! $256.4M |
Open | High | Low | Value | Volume |
43.5¢ | 43.8¢ | 42.0¢ | $1.469M | 3.454M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 278274 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 44952 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 278232 | 0.425 |
16 | 402033 | 0.420 |
13 | 51238 | 0.415 |
14 | 420843 | 0.410 |
9 | 75188 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 44952 | 13 |
0.435 | 83850 | 2 |
0.440 | 80566 | 3 |
0.445 | 83666 | 5 |
0.450 | 40000 | 1 |
Last trade - 12.51pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
ALK (ASX) Chart |