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08:52
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Originally posted by BLOG
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Hi Dradam and Thalius, IMO! I am amazed that tin levels of 0.05%Sn could be profitably mined and ,even more surprised that a company could contemplate mining 0.019%Sn.(28m tons to boot!) though Aus tin "are looking at mining" the lower grade stuff, they haven't actually commenced mining at this stage, have they? I think it is necessary to differentiate between a limited alluvial deposit ,run by one or two miners, who believe they are going to "make a lot of money" with a much larger primary deposit under cover rocks. I suspect that the location of the alluvial deposit is close to being ideal for this type of deposit. It probably has unlimited permanent water and gravity (adequate water flow) on it's side. Processing costs would hence be extremely low and labour costs minuscule. Good luck to them if they can make it work. The conditions for TRF are quite different. The location is arid ,I doubt whether there is any permanent standing water. The tin is in situ and would be better equated to the Renison mine although TRF has an advantage in that it is a potential open cut mine. . Renison is viable but the grade is about 1.55%Sn, therefore TRF still have some work to do IMO. Renison expect to be profitably mining the Rentail dam tailings by 2016, grades are 0.44%Sn with some Cu credits. Therefore there is some expectation that tin prices may strengthen even more. Early days but lets hope the exploration gets lucky. BOLTA!
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Blog, I agree with you, I have my doubts Aus tin will get finance to mine a .019% as the risk level at this grade is high, even though tin price is heading north. However at .05% at shallow depths you certainly have a great chance.
