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Gold/Mining/Energy : NDT VENTURES

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To: Claude Cormier who wrote (914)1/3/2001 5:59:14 PM
From: russwinter  Read Replies (2) of 992
 
Just thinking out loud, feel free to debate my datapoints.

In looking at these results closely, it seems they have abundant and consistent $8-$10 rock at surface in wide intervals. With excellent metallurgy and a simple operation, you'd have processing costs of about $3/ton? So waste is going to be the determining factor, and my initial assessment is that waste (or more specifically the stripping ratio) will be nominal??

But, the thing that kind of intrigues me here is the higher grade ($15 rock at 275 POG) a little deeper on the 09, 14, and 15 holes. But, you need to go through dead zone (especially on 09)to get there. I'm not an engineer so I'm not sure how major digging and hauling pencils out, but that looks like a variable to be answered on this particular deposit.

The pattern seems pretty evident actually, with $10 low waste rock near surface, dead zones (waste), occasional $15 rock at wide intervals deeper? Holes 4, 10, 11, 16 seems to be the duds, and one would hope there aren't many of those (25% so far). 15 probably wouldn't work either because of all the digging getting down there?
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