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Gold/Mining/Energy : Aurora Platinum Corp, ARP
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To: Bruce Robbins who wrote (7)12/17/2000 10:32:34 PM
From: Elizabeth Andrews  Read Replies (1) of 157
 
How can you tell if the holes published have any real meaning? There's no drill grid, no azimuths, in fact no real information. They don't say where the holes are relative to the other previously drilled holes. Where was hole 4 and why did it miss? If the grades in holes 1 and 5 are representative, why would anybody walk from this prospect?

The values in all holes are mainly in copper and nickel and the increase in palladium prices hasn't really had an important impact on the gross value per tonne. In fact, the PGEs + Gold + Co amount to only about 25% of the gross value per tonne and that's before any metallurgical deductions. Recovery of these metals in this type of rock can be very low.

So, at current prices it's (holes 1 and 5 only) $200 rock ($50 in PGE+Au+Co) and should be economic but since most of the value is in copper and nickel shouldn't it have been economic in the past? The grades in holes 2 and 3 average about $65 per tonne and the metal ratios are about the same. What's wrong here?
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