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1.1¢ greenstone resources limited

Ann: Shallow High-Grade Bonanza Intercept at Burbanks, page-111

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sandfire

2,527 Posts.

429

07/12/22

10:02

Post #: 65191126
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Originally posted by dairyFarmerDamo ↑

Unfortunately for FMR, I don't see how they would have made any money for that campaign. 1.36g/t from underground is not economic at all imo. its more of an open pit grade. Perhaps they developed through a low grade plunge.
would be nice to snap up a mill but very expensive. lets hope we can lock in 500koz+ in the 2023 so GSR can set their sights on the bigger picture of (hopefully) mining at Burbanks again. There was (not sure if there still is) a very small and rusty mill at the Burbank's site that needed refurbishing some years ago, however being so small, head grades required would need to be ridiculously high to make money (or AISC extremely low)
I remember reading somewhere they may have used that mill for Wattle Damn ore (notoriously high grade) but im talking 10-20g/t head grade.
hopefully GSR grades are in the same realm haha, but i dare say they will make use of the FMR/FOCUS toll treating down the road.

not advice
gltah

DFDamo

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I worked at Focus/3 mile hill plant many years ago, it was interesting, very hard abrasive ore.

GSR Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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