Hmm, I was told a different story by another poster Lordelphus privately with evidence he treated his sheep following like muppets. I always remember those stories of long holidays in the jungles of Borneo but occasionally could find Internet to make strategic posts.
When the spot price was high even 200 ppm considered economic with a massive ors body Valued in the billions. Always remembered those discussions where he argued large ore body trumps high grade compared to EXT. Let's not forget his superior knowledge of geology
As an added bonus, I had a general discussion with VMY rep recently over at AMEC without naming anyone who knows this ore body intimately that it is ineconomic. It is victim of the low U price and I don't see it going anyway in the near future. Too many competiting energy sources some that are not even fueling inflation such as crude. Let's not forget the fracking industry. We are awash with cheap energy sources.
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