Just general knowledge, what production methods, in other parts...

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onway8

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06/10/22

14:27

Post #: 64064161
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Originally posted by NikolaL: ↑

agree to go deeper but not right now as each of those deeper holes cost around $200k.

I'd say get the production running then drill deeper with the cash flow rather than issuing new shares. The important bit is the dykes don't replace the mineralisation but rather displace it. Once (after few holes being drilled around these dykes) POD calculates the approximate movement of the faults and the dykes impact it will be easy to calculate where to look for these displaced zones.

If there are no local faults to complicate the displacement little bit then the dyke is easy to workout. Once POD hits a dyke inside the reef zone, all they have to do is continue drilling until the drill-bit exits the other side and check visually if the reef continues. Pushing another 30-60m (or even 100m) past that is also worth to test if there is anything else at depth.

Dykes are not like faults and will not displace the zone tens or hundreds of meters up or down the fault line. The dykes will simply inject barren zone (in this case but sometime these dykes can be mineralised) into the mineralisation but will not destroy the mineralisation itself. Dykes will just split the min-zone into 2 zones.
Yes there are implications in terms of mining cost but the PGMs are there.

These deep holes are Kms apart and only serve to show that the reef is present at those depths but are no indicator if grades hold across the 15km strike. Even the current shallow resource does not guarantee those average grades across the 15km strike as many holes are 400m apart strike wise. This could mean there are large areas that are not tested proper.
During earlier stages this meant lot of risk and I mentioned this before seeing most assay results from Stage 9 & 10 as there was lot of uncertainty if Stage 9 & 10 would live up to the expectations. Now that we know there is very good probability there will be at least 2 (I'd say 3-4) open pits, I think these wide untested parts of the reef represent more of an opportunity than risk. There is always a good chance one or more of those untested areas to produce higher or even highest grades of PGMs but also Cu and Ni.

one step at a time. Let's get the production going and start to generate cashflow first. we are not as close to that point as many think.

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Just general knowledge, what production methods, in other parts of the world, do they use to extract all these Platinum Group Metals? By one factory many steps or many factories each to produce one metal? or produce a bar containing all these elements that required separation later? How expensive these processes can be? Or just dig them out and sell the rocks to existing factory?

POD Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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