MM8 medallion metals limited.

I'd make a few relatively unrelated comments on the drilling at...

  1. 16,716 Posts.
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    I'd make a few relatively unrelated comments on the drilling at Trilogy:
    • They had Trilogy and wanted to do something with it since well before I was in the stock in 2010 and luckily bailed pre-market collapse.
    • Sed-Ex Deposits are usually a lot bigger than what they have found, so it may just be an outline of other pods. Sed-Ex deposits are much like V(H) MS deposits. If they have the tenements, they may find more in the same area.
    • Its Zn, Pb, Ag+/- Cu & Au. Sulphide so it will float but they will struggle to produce a Cu con. (concentrate) and Zn/Pb +/- Ag con. with the plant configuration they have. They should be able to produce a saleable bulk concentrate but will have to cop some TC/ RC cost as the refiner will have to separate the Cu from the Zn & Pb which requires some effort and so cost.
    • For the sulphide material that doesn't float, so mostly oxide, they will have to make a decision, if it's cost-effective to send it to the cyanide (CIP) par tof the plant to leach the Ag & Au. The volume of Ag may pose a problem because Au is normally g/t while Ag can be %.
    • I think, they will do it because the plant is quite flexible, and other plants have had that problem before. They really seem to be haunted by the ghosts of Deflector, where the Cu was partly cyanide soluble. However, they are building a plant similar to the way Silver Lake dealt with it.

    I think being aware of the problem putting in the effort and find the solution(s) even if partial will be worth it.

    Sorry, I've gotten too technical and thus boring.

    All IMVHO.
    Last edited by arsenic: 16/01/25
 
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