WangChung,
I've just been playing with the numbers and of course if half the ore for the mill came from each deposit, you would have to nearly halve the Ni content. So a 5mt/a plant would have feed averaging ~.6% Ni and ~.8-.9% Cu, plus.2g/t PG&E. Given an 80% recovery for Ni and 92% recovery for Cu, then we are still talking $US650m revenue. We just need to find enough ore for 10y+
What succoth does is add quantity to a mill feed. These results with BHPs goes to show an easy 30-40mt deposit of 1% cu and .2g/t PG&E, and probably a lot higher. A lot of the BHP holes seemed to miss the shallow areas of the taxitic diorite, even CZC 0120 needed to be drilled about 50m South of where it was, to hit the shallow TD and hopefully mineralisation. It pretty much missed everything.
The entire system is obviously huge, with much exploration over many years likely to throw up plenty more Ni and Cu. Cassini just needs to concentrate on getting a profitable mine up and operational from the existing high grade (relatively) ore, then eventually extend both the size of mine and plant to handle the lower grade ores in the future.
As far as I can tell, management are doing everything correctly, including finding the results they need to get going.
It's the market that is currently downgrading all the resource stocks. It doesn't make sense when you look at the overall declining grades of copper mined world wide, and an obvious shortage in a few years, but who ever said the market had to make sense?
A few more holes from Succoth with 100m+ of 1% Cu and eventually the market will get it. Especially as it is spread out over 3km.
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