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Gold/Mining/Energy : Winspear Resources
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To: maintenance who wrote (8463)10/17/1998 2:12:00 PM
From: marcos  Read Replies (2) of 26850
 
Good point about security, that concern would likely extend to handing ore over to another company for processing. I wouldn't do it - sell 'em the property or mine it myself, those are better options. The milling part of the diamond business is not particularly capital-intensive or difficult, compared to say carbon-in-pulp or autoclaving in the gold business. Much of the costs are in the mining end, and before that in the environmental assessment end, and those can't be saved or reduced in any way by transporting ore elsewhere. You'll have camp costs with a mine, they would only be slightly larger with a mill. So you're left with comparing road building and maintenance costs plus hauling costs with the cost of building and operating a mill. Worth considering, but the mill wins, I betcha.

Above my impressions only - I am a lumberjack and I'm ok ... salud ... macros
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