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11.0¢ morning star gold n.l.

Cheers mate, thx for your thoughts. Noticed Mantile mining...

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matyd

4,148 Posts.

219

15/08/15

11:22

Post #: 15812842
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Originally posted by plough ↑

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.

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Cheers mate, thx for your thoughts. Noticed Mantile mining picked it up cheap yesterday. Thanks

MCO Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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