GL1 1.61% 30.5¢ global lithium resources limited

Hey Dawgfather, in relation to your comment: The economics are...

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    Hey Dawgfather, in relation to your comment: The economics are mediocre at best. The pegs are near vertical which is what is creating the 23:1 strip ratio.

    I am sure that the mine will eventually go underground, just like Mt Marion will be. I was interested in the comments on the MIN Analyst Call a few days ago about Mt Marion:

    "We've got a number of cost improvement initiatives being tested,including ore sorting and whims, and we're also looking forward to getting approvals for theunderground and we expect them imminently. We're employing an underground manager and weexpect the underground decline to start by Christmas"
    "It's a very steep ore body. It's quitehomogenous, and some of the grades that we're seeing underground are actually a little bit betterthan the open pit.As well because the ore body is steep, we were able to use a sub-level caving or some other prettyefficient underground mining rakes and mining method"

    Manna will probably go the same way - start as an open pit then go underground.

    I don't think the mining of narrower widths is a problem, especially with ore sorting. In addition, the grades look good to me. I am sure that GL1 would be looking very attractive to MIN as part of their (apparent) Kalgoorlie regional strategy.

 
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