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08/02/21
01:27
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Originally posted by manny100:
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Morila with exploration upside is set to make holders a lot of money. Simple, robust Goulamina will do the same.Extract from the GOLD project description on the Website: " KEY ADVANTAGES World Class : Cash generating asset that has produced over 7.4 million ounces of goldProducing Gold Now : Processing tailings to mid 2021Leverage Sunk Capital : US$300 million plus to replicate infrastructure and drilling Near Term Production Growth : Mining of satellite pits in 2021Long Mine Life Possible : 1.3 million ounces at Morila main pit, upgrade imminent Excellent Exploration Upside : A decade since last
major drilling effort at Morila and adjacent targetsFunded: Cashflow from operations and $29 millioncash on handExperienced Team : Full operating team in place who have remained with the mine." All good news to come. Can't wait for Webinar update.Extract from the Lithium project description on the Website " KEY ADVANTAGES High Grade :Ore grade averages 1.6% Li2O in the first 5 years and 1.51% for the Life of Mine (LoM), one of the highest-grade deposits globally Recovery of Li2O is 77%, again one of the best among peersIron and mica impurities are low, lower than peers which results in a preferred product for customersLow Cost :At an average LoM All in Sustaining Cost (AISC) of US$306 per tonne of 6% spodumene concentrate produced, one of the lowest costs globallyCapital costs are low with capital intensity being among the lowest globallyLow Risk :The Ore Reserve is entirely open pit making for straightforward and low risk miningProcessing is simple and low cost given a flotation only approachSimple, robust and high grades and low strip ratios enhances profitabilityWorld Class :Average Spodumene concentrate production of over 436,000 tonnes per annum of concentrate places Goulamina as one of the largest lithium developments in the worldSubstantial Mine Life :Minimum 23 year mine life and conversion of additional Mineral Resources to Ore Reserves and Resource potential will likely extend this"
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ore grade average for first 5 years 1.6%? But company says ROS assayed is 1.75% for first 5 years. I’m genuinely interested to know if recovery rates (77%) are based on 1.6% or 1.75%? looks like based on 1.75% not 1.6% fluctuation is up to 1.69%. Also, how can first 5 years be 1.6% when proven ore reserves of 8MT is 1.55% avg? And mtpa is 2.5MT? Not sure