<, it seems they have abundant and consistent $8-$10 rock at surface in wide intervals>
Here is what I get:
Section Weighted Value
Avg.Grade /ton US$
T-9 1,19 10,37
T-8 1,45 12,58
T-7 1,38 12,01
T-6 1,53 13,35
T-5 0,82 7,09
T-4 1,23 10,74
<With excellent metallurgy and a simple operation, you'd have processing costs of about $3/ton? >
Well initial bottle roll tests were 90% recovery so it bodes well. And mining & processing costs should be below $4
<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?? >
Look low indeed. But it is hard to compute without the good software.
<a little deeper on the 09, 14, and 15 holes. But, you need to go through dead zone (especially on 09)to get there. >
Well take 09... you have to remove 26 meters of waiste to access 72 meters of ore which give a ratio of 26:72 or 0,36:1. Hole 14 is 1,04:1 .. still not bad. But hole 15 is 3,6:1. Still with all the holes starting from surface and being continuous, we have a good receipe.
This deposit is on the top of the hill. Look at the following cross-section:
northair.com
northair.com
Not as good as Alamo Dorado... but I like the idea.
Will see how this thing develops... I am certainly not selling those shares. |
