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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Condor who wrote (25917)12/23/2003 5:35:22 PM
From: E. Charters  Read Replies (1) of 39344
 
Rock is the common term in drilling evals so no, it was not a slip. I did not say ore from force of habit. It is not ore unless proven mineable, which awaits a feasibility unless you want to go wide and say back of envelope it's mineable. There is lots more to consider. I will admit I don't know if it is mineable. I am not a cluster of computers with a linear algebra program running nonstop.

It looks like PFN might be mineable.

Rock is about 50,000 everywhere you go (in PSI strength) at least in pre-cambrian stuff. The rest of the sturdiness co-efficient is modified by slips and jointing which change things drastically. And then there is the natural pressure rock under from faulting, folding etc.. which modifies its strain reaction or failure rate -- 80,000 PSI means very little at 12,000 feet at the hinge line of a fold or along a moving fault. All it guarantees is that it will rock burst with magnificent violence. Slightly more buttery rock is better as it goes in a controlled fashion. That is why at the Kerr, with soft serpentine-talc and medium strength carbonate and flow ore, that there were so few rock burst and ground failure accidents of a fatal nature. The rock was predictably bad in a slow release manner exactly as they tried to engineer at Inco (by using 19 foot pillars) with limited success. They are trying that at Kidd too, and to my mind it is a mistake in a lot of places.

The Russian overhang, which is unkown at present is keeping Palladium low. When they publish their reserves, as Putin has promised, the prices may change.

EC<:-}
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