BLR 0.00% 0.2¢ black range minerals limited

Paladins $50Mill Strategic Alliance, page-14

  1. 458 Posts.



    G'day Grant,

    Everyone know LH is ridden with problems, hence one of the reasons PDN had to sell 25% to the Chinese, besides the fact that PDN was badly run.

    The deleterious elements in the slurry are a problem. Some of the deliveries were rejected.

    Also LH is a low grade deposit. Even HT is slightly higher grade than LH. Lots of dirt needs to be moved at LH.

    Finally, if shareholders vote down a deal with WU, do you really think Glasier would accept HT ore? ZZZZZero chance. If HT ore were to see the light of day in 2017/18 at the earliest, only the dilapidated inefficient mill in Blanding might consider tolling it . Except 75% goes to the mill and 25% to the ore owner. Sweetwater is too far. And Shootaring will never restart.

    Cait
    Last edited by cait11: 13/02/15
 
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