Come on Kori, you are cherry picking your information. I am happy to elaborate on my comments if it provides further context:
Metallurgical recoveries
My comments to Plutonic metallurgical recoveries also runs true with trident. If you read the report, in detail, the exact variability I was referring to is mirrorred in the report. Some zones have high arsenic, with recoveries dropping to 76%, even at a grind size of 100 microns. Your claim of 97% is completely out of context - who's misleading who? Or do you not understand the results?
The metallurgical variability issues run throughout the marymia belt, many of the pits Barrick mined in the early 2000's were mined for oxide only - this is fact. There are other
Grades
When I give a grade range, it is a mining grade inclusive of dilution, as there is no reserve I have to guess. This is what I would expect over the Life of Mine, not individual assay grades, or an undiluted resource estimate. Again, a mining project without a mining reserve. I am not sure where you get a grade of 8-42 g/t - are these from individual assay results? Or is this what your expectations
Overheads
What exactly is the point of having an office in on Level 35 in the Sydney CBD? Why pay a monthly rental fee when there are facilities to use ad hoc? I also dont understand why you'd think the management team would be huddled together in a caravan up in Marymia? Maybe the guy running the pumps?
Competent team
To clarify, the insult goes to the board, not the team on the ground. From inception to this point it has been farsical. Litigation, fall out with Dampier.
Peer Comparison
Unsure if you are saying VAN outclasses it peers because it trumps on grades, resource reserves, extraction costs, profitability? That is a non-sensical statement. Peers are fellow developers, they generally have no reserves or cashflow, nor do VAN - yet the MC is above many producers who do. I'll add another peer to the mix, BRB - not a huge fan of the project or management, and not a shareholder - but it is a virgin discovery, a decent sized resource with UG potential and with a low-end strip ratio should make money as an open pit close to Kalgoorlie. $65M market cap. Go figure
How about letting go of the fluff and non-answers Kori, I want to hear from others who may have a background in mining and/or finance.
Expand
