TOR - Megathread, page-26

Not that it matters but I think you are barking up the wrong tree. Torque has form for naming stuff along musical themes. From memory they have a Caruso and a Strauss and my guess is that Penzance is a reference to the musical, the Pirates of Penzance.

On another topic I have been seeing if I can link Allkem's recent public offer to toll treat spodumene at its Mt Cattlin concentrator at Ravensthorpe with the location of the block that Torque has an option on adjacent to Bald Hill, Dawn (maybe soon to be renamed Delta Dawn?). Mucking around with Google maps I get a distance of around 400 km by road. That is quite a distance to haul rock. I follow Ramelius which is somewhat of a specialist in hauling ore from satellite pits to plants at either Mt Magnet or Edna May and from memory they tend to tap out at around 150 km (Vivien I think was further but it was very high grade). But I also know that Independent Graphite is proposing to haul material from their proposed mine also as it happens at Ravensthorpe to their processing centre at Collie, which is a distance of about 450 km. Anyone got a better handle on the haulage distances that would face Torque if it went for Mt Cattlin over Bald Hill?

The thing that differentiates spodumene and gold is that currently the profit margins on spodumene are "software-like", in other words over 80% whereas a lot of gold ore that gets hauled has much tighter margins. For Torque, accepting margins of say 60% rather than the ideal 85% may be better than to feel obligated to submit to Chris Ellison and the Bald Hill operations (assuming that MinRes does secure Bald Hill).