SOC 10.0% 11.0¢ soco corporation ltd

now thats an elephant - 886m gold intercept , page-47

  1. 1,214 Posts.
    thankyou for info re mining.
    I understand the block caving that is carried out at Ridgeway. I imagine it to be cheaper than conventional underground.
    Am i correct in saying that this deposit wont be open cut. Too narrow, too deep?

    Anyone comparing with Cadia/ridgeway have to be careful. NCM costs are based on Cu credits. SOC has a pure gold discovery.
    The cadia costs are also helped by the high grades of Au Cu coming out of Ridgeway.
    The original discovery hole at Ridgeway grade 4.3g to 7.4g gold and 1.2g -1.27g CU

    So my question now becomes... are people seeing this as a commercial discovery with this one pipe, or will it need a number of close by pipes.
    thanks
    Nicto
 
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