As I mentioned earlier a technique used in the Carlin Trend for open pit mines can be selective and partial. Maybe they have plans to pit the shallowest/highest grade areas first then continuing as revenue comes in?
Ultimate pit designs at Carlin were developed based on Lerch-Grossman (LG) pit optimization analysis. The pit limits incorporate geotechnical and hydrological recommendations into final high walls and are designed to include ramps and access to haulage routes to waste dumps and processing facilities. Some deposits include phased pit designs which are used to sequence the mining operation. Phases are designed to optimize the economics of the operation and/or provide access to selected ore for blending purposes.
Maybe Trafigura or another silver hungry investment corporate will come up with a $100m offtake investment to help with initial pit construction. Remember we are talking about a 40g (67.25 Ag Eq) per ton head grade here not 12g/ton like at Rochester.
SS1 Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)