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It's interesting to read the Technical Report prepared by Devmin...

  1. miningnut
    11,390 Posts.
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    22/04/05
    17:12
    Post #: 882700
    It's interesting to read the Technical Report prepared by Devmin & lodged on www.sedar.com in March,2004.
    On page 3 of the report(being pg 16 of 104) in Fig #1 it gives the copper grade % expected to be mined each quarter.We can put dates on these periods as follows:
    Quarter #1 Sep/Dec03: 7%
    Quarter #2 Jan/Mar04: 8%
    Quarter #3 Apr/Jun04: 8%
    Quarter #4 Jul/Sep04: 6%
    Now we haven't mined any ore from Oct04/Mar05 so:
    Quarter #5 Apr/Jun05: 4%
    Quarter #6 Jul/Sep05: 5.5%
    Quarter #7 Oct/Dec05: 7%
    Quarter #8 Jan/Mar06: 7%
    Quarter #9 Apr/Jun06: 7%
    Quarter #10 Jul/Sep06: 7%
    Quarter #11 Oct/Dec06: 6%
    Quarter #12 Jan/Mar07: 6%
    Quarter #13 Apr/Jun07: 8.5%
    Quarter #14 Jul/Sep07: 7.5%
    And then we go underground where the grades are 10-14%.
    So it's obviously no surprise to BT that we've encountered this low grade portion of the orebody at this time.
    AVM Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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