Hello DD
If they indeed have gravel's that run .22c/m3 then I would agree that the operation stands a very good chance of being highly profitable even at 400M3/h. However, I would be cautious about assuming such a grade.
The nature of alluvials is that they do tend to run streaky. That is to say some high pay gravels will exist but so will much lower ratios, witness SUF's Angolan alluvial operations. If we do indeed have 600 million cubic meters of gravels running at or near the grades and values/carat that you suggest, then we shall indeed be very happy campers with a $18.5 billion resource, but I believe this to be very unlikely.
If such high-grade gravels existed in the volumes you outlined, mining operations would have been profitable long ago. This simply has not been the case. Lets assume (prey for) .1c/m3 or better at the $82.86/carat Brazil average and we'll keep our fingers crossed that they come up with better numbers.
Is the 400m3 production rate the stated capacity of the plant? If it is, and the grades and values run more towards what I have suggested, I would hope that they would try to up that figure to 10,000m3/month.
On a more humorous note, if in fact the existing machine is only catching diamonds under 36cm, I suggest that it is probably catching them ALL!
You don't see too many 14-inch diamonds and when you do, I suspect the crews will notice them, they won't need a machine.
Keep the faith.
Regarding your Ontario post. You have made some significant announcements on behalf of a number of companies. I wonder if we might be given the source of your data? (Higher grades than Diavik)?
I certainly sounds impressive. I look forward to your explaination.
Regards
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Hello Fix
Sorry, I copied the article from a post by "Ron Wong" on the Ashton thread and he indicated that he has neither the URL nor the paper's name. The author is quoted however, perhaps you could check with the SUN or Province and see if the author works for them?
Good Luck
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Regards |
