hotcopper42
I don't think that they would put in a decline for a deposit that still has not yet got a published resource.
I personally would think they will drill enough to define a resource, if then that resource meets pre-feasability studies for development then they may put in a decline for additional drilling.
As a geo I am not really up to date on the costs of declines and such, I am not sure if we have anyone on these threads with a background in mining engineering?
But based on the deposit I assume that to put in a decline at this point is very high risk proposition. Definitely could be justified at a later stage once we have some figures.
Also I think that would be the sort of thing that you could do in conjunction with developing the decline for mining rather than just purely for resource drilling purposes.
From what I do know if that the cycylindrical shape of the ore body is ammeanable to underground methods. It just would be a matter to find a mining engineer who knows his stuff and can post some comments regarding block-caving underground techniques.
- Forums
- ASX - By Stock
- ozl ground position
hotcopper42I don't think that they would put in a decline for a...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)