thank you for your very informative answer saintersi wonder with...

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bobby.

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08/02/22

01:59

Post #: 59419169
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Originally posted by sainters: ↑

Bobby,
All the ore comes up the shaft in small trolleys that can hold about 1/3 to 1/2 a tonne.
As of a year and half ago when i was visiting the underground, they had a few airleg machines, 2 air operated scrapers and a small air operated bogger on rails, this would be lucky to scoop up 100 plus kilos of dirt each time.
The operations are very labour intensive for a small amount of ore.
The shaft capacity is limited to its size, ie,1 sqm per compartment which can hold only one ore trolley going up and one going down.
There are some good historical books written by Brian Lloyd and Howard Coombes that are worth a read if you want to know about the history of the Morning star and other mines in the area.
The most that they hauled up the shaft in an entire year was almost 28000 tonnes in 1959.
The average after the 1930's was about 12000 tonnes per year (1000 tonnes a month)
In my opinion the mine needs to be in private hands and pick the eyes out of it to make any money.

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thank you for your very informative answer sainters

i wonder with the mine engineering expertise in the company

whether a portal access could be considered

this is wildcard thought, not knowing the location or difficulties

i have now invested in the company

mainly because i think there is a deal to be done the nearby stranded asset

cheers bobby

WRM Price at posting: 21.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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