Thanks Desmond. I asked the company about the low capex wet mill concentrate option that has been expressed here. They explored this a few years ago and agin looked at it recently. The issue is mineral economics. The west concentrate options works really well when you have a high grade portion of the orebody - apparently somewhere between 7 - 8%. The economics go that if you can get access to that orebody early and mine it first and fast then you can pay back the capital really early and set the company up quicker. I asked, "Why aren't you doing that here at Coburn! If it is such a smart idea go and do it." I was told that they are going the current way because there aren't any high grade "pods" within Coburn and they can't "high grade the mining. Apparently coburn orebody is uniformly the same grade.
As you know, I am pro Gunson. and I have publicly stated that I am voting Against the resolution.
cheers omg
GUN Price at posting:
2.8¢ Sentiment: Buy Disclosure: Not Held
