Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: peter snowdon who wrote (38671)	4/21/2007 3:54:57 PM
From: E. Charters	of 78416

It is good. It is a not bad 'orebody'. Good widths. It is just not as exciting as Aurelian, so has laboured in its bigger brother's shadow for the past two years.. On the other hand the grade is no sinecure. It requires a feasibility. Heap leach tests.. you get about 0.7 X 12 = $15.00 per ton. No matter how many tons you have, the scale needs a large mill. And that is capex intensive even for a heap leach operation. Lots of pads. Lots of clearing. Column tests. Heap tests. Envi clearance.. cyanide killing etc.. Heap leach and rip is not very high capex but it could be 30 million. And at 10,000 tons per day and that fixes their gross income at about 54 million per year. A lot of stuff can be looked at in SA. Politics, and the higher cost of operating down there in the explo phase requires a good story before you go down there. Basically you need 500,000 before poking your nose in the door. And about 1 million a year to operate. Then you are free to find a mine. EC<:-}

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