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Gold/Mining/Energy : Le coin des prospecteurs
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To: jpthoma1 who wrote (7357)8/26/2003 4:30:07 PM
From: tyc:>  Read Replies (1) of 39496
 
More mining speculation by a neophyte.

I stuck my neck out yesterday with a perhaps imaginative assessment of DSR's Sustut deposit. Today on Stockhouse I came across this report on Northgate;

stockhouse.ca

I find the reference to Noranda Horne's need for concentrate interesting. Development of the Sustut deposit was expected to increase Kemess' copper production by 40-50%. Moreover, DSR purchased the deposit from Falconbridge (AKA Noranda!), with a 50% buy back provision exercisable "at the time of production decision". By my reckoning a 50% interest would cost FL a little more than C$1M.

It seems to me that the development of this higher-grade deposit and the resultant increase in copper production, could well be a factor in the feasibility of North Kemess.

Such is the stuff of my mining speculations !
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