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Ann: High Grade Babel Results, page-15

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Valin

6,072 Posts.

09/12/14

16:26

Post #: 14433721
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Originally posted by WangChung ↑

Val, capex will be based on mining Nebo, Babel and most likely Succoth as well, so I would say maybe around 50mt - 70mt all up at a guess.

Talk of countinous mineralization at a 0.4% cut-off at Babel is pretty significant. Not sure what the tonnage is at a 0.4% cut-off, but everything to date has been marketed as a 0.5% cut-off operation.

At a 0.5% cut-off, Babel ore body is a respectable (inferred) 17.3mt.

At a 0.2% cut-off, this baloons to a massive 362mt.

Think they'll leave the deeper stuff alone for now, and focus on the continuous, shallow mineralisation. That will keep them busy for years.

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Thanks wang. Any timelines?

CZI Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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