MTC metalstech limited

Ann: METALSTECH HITS RECORD INTERCEPT AT STUREC GOLD MINE, page-128

  1. 1,601 Posts.
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    I’ve looked back at a few.
    sounds like I need to keep looking.

    not so good if ug not so much. but both the current and previous drill program is for UG. So that will help.
    Need to also find the issues around the open cut. I know they were looking at some interesting non cyanide processing options, but that will take time. So I assume it’s UG first, makes some $ and then spend it on the new process so they can produce their own Au and Ag.

    with the ban on cyanide it’s likely they’ll make a concentrate and ship it the 100km or so across the border to a processing plant. The decent grades and good silver should ensure a nice profit, even with just selling the concentrate.
    we won’t have the high cost of building the underground mine. It’s already there. May need some upgrades? Not sure what it will cost to just make a concentrate. Again, any with knowledge on that would be welcome.

    our problem is management don’t seem to have much if any expertise or experience in actually developing a gold mine. Much less an underground one.

    if whomever posted about that, could do so again, I’d appreciate it.

    thabks,

    ned.
 
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