It never ceases to amaze me that one moment a shorter claims that we haven't proven up enough tonnage yet and the next minute another one pops up to declare that he already knows that we could not possibly have tonnage.(of course he does not claim to have drilled and found nothing) Experienced investor is sure that the "blind pipe" if it were there would be of miniscule size because he has a vague conception that a pipe may be somewhat carrot shaped and would be smaller at the bottom than the top. Well excuse me, but we have not found the top yet and unlike a lot of African kimberlites, it has not had the top 2/3s eroded away. For all those who would like a graphical or pictorial representation of a Kimberlite pipe click below. It comes complete with horizontal sills, verticle dykes and if you examine the top carefully, a somewhat creative mind can get an idea of what a cone sheet might look like by simply extending the little rim at the top out laterally at about 15 degrees.
layfieldresources.com
You may also go to the Winspear sight and examine the maps and measurements. I do not believe that all that kimberlite-orangeite came through the proverbial eye of a needle. There is no reason to believe that whatsoever. Without dwelling on the as yet discoverd pipe too much it would be much more reasonable to infer the size of the potential pipe from the circumference of the "cone sheet" and the increaseing degree of downdip as the dyke extends toward the lake.
A great deal of ore is mined around the world at 1000 meters and deeper. The primary determining factor is the value of the ore and the practicallity and economics of mining it. This project will make a fine and profitable little mine with 5, 10, 20, or 40 million tonnes from the cone sheet.
As others have already said, it is a shame that many Canadians do not take and interest in learning more about this and it is also a shame that they do not step up to the plate, invest some money, support it and benefit from it.
That many people simply drop by to cast aspersions and demonstrate their rudeness is inexcusable.
I repeat, the feasability study has already been done assuming only 3.5 million tonnes. Pay back time 1 year. The rest is gravy folks. Grab some while it is cheap. You may not get another invitation or opportunity.
There is a huge possible upside. |
