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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: m.philli who wrote (256)10/29/2002 9:24:24 AM
From: rdww  Read Replies (1) of 16206
 
'typically' (I use that loosely), commercial is over 1MM and sometimes they now like to say over 1.5MM. Using 0.5MM for one dimension was the reporting std for quite some time in defining a macro, but that didn't mean that it was a mine starter.
Ekati is supposedly using 0.4MM as a cutoff now, but I think they are selling the little little suckers to some particular mkt. Their total reserve is defined as:
58MM tonnes at 0.9cpt using 1.5MM cutoff. Ekati also uses 85MM litres of fuel each year and it comes in via a winter rd and all employees fly in on a 737 for a 2 week work shift.The word cheap doesn't come to mind when describing the operating costs associated with Ekati mine at all.
The big guys are more focused on finding avg sized stones that pay for the overhead and finding the biggies is a bonus that makes it all worth while
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