Hello Paul
If you are referring to the possibility of the Munn Lake kimberlite being a large pipe with a small surface exposure, yes, if that were to be established, its likelihood of being one of three economic pipes would most assuredly be increased significantly.
However, if you recall, what I have said repeatedly as regards this issue is not that Back Lake won't be a significant mine, only that the "odds" do not favour it. I always refer to the issue of "likelihood" or "probability". In other words, going to the plate and batting 3 for 3 (Back Lake) is one hell of a lot harder than batting 3 for 40+ Yamba Lake.
If Back Lake has three pipes, they most probably will be higher grade (J-10's) than those at Yamba Lake, but then Yamba's value per carat may be higher. There are 50 different variables that all enter into what will make of break a mine decision, but the Market's bottom line and most fundamental issue never changes, having enough economic ore to support a significant mine.
At the end of the day, that is all that the Market wants to know.
Everything else in Mineyanna (sp?).
Good luck with WSP but be careful.
Regards |
