I lost a little bit but pulled out when I started to see the tonnage per month stoped out was too low to be sustainable . The problem is the ore bodies while high grade are difficult to extract economically due to not running vertical to sub vertical but rather more on a steep degree angle from the vertical similar to tubular can (or what ever its name is ) further south ..
Add to the fact the ore bodies are often narrower than 1.5 meters then dilution becomes a big issue in the crosscuts
Then because the ore bodies pinch and swell so much it is difficult to prevent dilution also when drilling out a panel above.
Also rather than being in a single block the ore is in many different lenses which means a lot of expense spent in development drives for each lens .
As mentioned it is free milling but that is not such a big advantage with modern technology.
Maybe You can work out the economics of this by looking at how much gold NC and crew extracted then look at their costs , I am not prepared to submit a figure.
- Forums
- ASX - By Stock
- Ann: Mantle Secures Major Gold Opportunity
I lost a little bit but pulled out when I started to see the...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online