PLV pluton resources limited

GuysThere will come a time when they will need to do some infill...

  1. 2,131 Posts.

    Guys

    There will come a time when they will need to do some infill drilling, this is required to upgrade the resource from infered to indicated...then onto measured, all of this will need to be done before the "deal" is done.. The announcement that we see first will be an MOU, outlining terms and percentages etc. It will not say dollar amounts I don't think.

    They will also need to do some drilling outside of the resource area for enviro assessment, away from any proposed mining area.. They will have found stygofauna (animals that live underground) and will need to check that they are not native to any mining area, this should not be a problem but will take time, not sure how many holes but half a dozen should do it.

    PLV will need to decide when enough is enough, when do you stop doing exploration and start doing definition? Will it be 250Mt? Will it be 300MT?? I believe over 200MT at Hardstaff should be plenty and 50Mt at Isthmus should do the trick :)

    We still have a long way to go, things are looking good... well better than good! This will be a mining operation in a few years time!

    Cheers ..
 
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