Good analysis mate. The Blue Spec trend has been known about since the 60s and all have been romanced by the high grade over the years. It has passed through many hands. As you said, highly refractory but nonetheless high grade.
The issue historically is that the capital costs to extract the gold, even in a concentrate, is enormous. They never mention that Blue Spec and Gold Spec have been historically mined by Anglo and each time, it was a catastrophic failure because of capital costs and recovery.
To justify the capital costs to extract the gold, the ore body probably needs to be at least 10 x the current Resource. The Blue Spec trend doesn’t have that scale and Anglo didn’t walk away from one of the highest grade deposits (albeit small) for no reason.
Dont get blinded by the potential of Blue Spec to save CAI, it’s a distraction and a fantasy.
- Forums
- ASX - By Stock
- Blue Spec Fault Line
Good analysis mate. The Blue Spec trend has been known about...
-
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAI (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CAI (ASX) Chart |
Day chart unavailable