TSO 3.33% 3.1¢ tesoro gold ltd

All of your concerns about grade and depth have already been...

  1. 498 Posts.
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    All of your concerns about grade and depth have already been answered by us several times in a friendly and constructive manner. You have failed to provide any valid arguments against ours, yet you kept on repeating the same stuffs over and over again in every annoucements. Really making me questioning your true intention here. Because you are a genius and an expert in the field. Please enlighten us if grade is the only factor that contribute to the economic viability of a project?

    1. We understood that the higher the grade and the nearer to surface would lower the mining & processing cost. But how about cost related to the location of the project, like transport & supporting facilities (onsite camp), cost for water, electricity, chemicals, labour cost (which can contribute to more than half of the total cost), royalties etc. We have tackled every aspect of cost in many threads. Zeff, our CEO, is very confident that we are still profitable with a $1000/oz gold price. Yet, you are still talking about assays being uneconomic in every single announcement.

    2. You do realize that we drill on top of an intrusion? And we drill at an angle? So the vertical depth is less than 300m wherein open pit mining 300-400m depth is acceptable? Besides, we gonna start mining with a starter pit where the highgrade zone is only 8m from the surface. Then we just need to extend the pit. No one gonna target a deeply mineralised zone first!

    Let's just assume that your concepts about grade and economic values are correct and you, a non-holder, just wandering around here because of kindness. Please help shareholders of NVA, Victorian gold and similar low grade, bulk tonnage, high economic values gold explorers as well. Come to their forum to share your wisdom. They should know that their shares should be of zero value because the grade is completely BS.

    NVA = 0.3g/t
    https://hotcopper.com.au/data/attachments/3262/3262264-f009ea987de8a186ecc2c3885f0df785.jpg
    Fort Knox = 0.32g/t. How could they be profitable with such low grade??? The cost must be $2500/oz!
    https://hotcopper.com.au/data/attachments/3262/3262268-53b0e4038316032057350a2246a6e48c.jpg
    TSO, 4 major faults of >2g/t with mineralised halo of 0.5g/t to 1.5g/t. Very very concerning indeed!
    Last edited by Bellavena85: 11/06/21
 
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