Australia's largest stock trading and investment forum Australia's #1 stock forum

SDL

Click for more information

0.00%

0.6¢ sundance resources limited

Ann: JORC Reserve increase, page-39

First 39 Last

Share
Profile

Follow
Samson2158

331 Posts.

20/05/15

23:36

Post #: 15320004
Share

Originally posted by westcott ↑

Hi Samson2158.

The iron ore they are talking about was, I believe to be striped from the surface, stockpiled till year four and then beneficiated. Now they are saying that testing has found that they can just dig it up and use it straight away through their gravity feed circuit. No stock piling for a later stage needed. There is quite a bit of iron ore they have not included in their resource figures that they said some while ago, they would see if it could be included in years to come, but it was to be classed as waste at present.
This is why the Projects are so good, why the strip ratio is so good at around 0.9 - 1.
I believe, 1000 tonnes of iron ore and they get only 100 tonnes of waste.
The Pilbara is more like 350 to 450 tonnes of waste per 1000 tonnes I believe. Giulio commented on the strip ratio comparison with The Pilbara, not too long ago.

Regards
Westcott.

Expand

Hi Westcott,

Many thanks, your explanation makes perfect sense.

Do you believe, as I do, the company is intimating that they are close to a Chinese BOOT solution for the Port and Rail infrastructure and can therefore look to move forward the construction of the Gravity Benification Plant so its online for mine startup?

Cheers,

Samson

SDL Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 20 more messages in this thread...

First 39 Last

Add SDL (ASX) to my watchlist