PRX 33.3% 0.2¢ prodigy gold nl

Ann: Buccaneer Metallurgical Test-Work Excellent, page-4

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  1. 1,038 Posts.
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    Basically, it looks as if a low capital option of heap leaching the Buccaneer ore exists (subject to more testing/studies etc.). This could enable them to keep the Tanami full of high grade ore, heap-leach the lower grade Buccaneer ore and thus produce more ounces without significant capital outlay.
    I am not a fan of heap leach but if they use this, the additional cash generated plus the time to develop a longer term strategy and possibly a mill to treat all ore without the long cart distance, it could be a good thing. If they do this, they will likely re-treat the heaps and get the additional recovery - the reason I am a bit iffy about heap leach (plus the environmental issues)
    Just my opinions
 
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