Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (209)	2/6/2002 3:54:39 PM
From: jpthoma1	Read Replies (1) \| Respond to of 613

jp, russett, if you guys have to spend your time ridiculing TWG management...., I love TWG. As a shareholder, it is MY company. But, I just don't trust the way the prez is running it and spending MY money. And I won't stop telling the world I hate him until he looses his job. They call that «active shareholders». Insiders hate us as hypers do too. Do you hate me? BTW, jp, you continue to say you are a geologist Yes I am. Laval University, 1974. MBA too. It's in my profile. but you didn't answer my questions. Yes I did, you just did not understand my answers. How are these dykes different from those of South Africa? They are wider and exposed while many of those in SA are mostly buried Don't know. Have not been in SA. Have you seen SA dykes? But I have been in Ungava and know prospectors that have seen TWG dykes, not only on top of the clift, but at the bottom, in the fjord. You do say mining costs would be high, but then you attempt a comparison to an underground PGM desposit. Isn't this apples and oranges? Sure looks like it, and you were not clear as to why Raglan remains undeveloped. Is it because Falconbridge has better options? For that matter, Voisy's Bay remains undeveloped. Would you compare it to Torngat? Forgive me, but your comparison doesn't make sense. I did compare the situation to Raglan's one because everybody in Canada knows that Raglan was one of the richest Nickel/Copper/PGM deposit in the world and it stayed there, undevelopped for nearly 30 years, because cost were too high and technology unavailable. Is the Torngat prospect the richest in the world? But since you dont like my example, let's take yours. So you want to exploit a 1.45 metre wide (average width according to TWG 2000 annual report, page 5), 50 metres deep, 42 km long dyke using low cost open pit mining. Take a pencil, a rule, a calculator and let's make a small drawing . First, let's calculate how large will be the pit, on top, if we dig down to 50 metres. With slopes at 60 degrees and a 2.5 metres width at the bottom, the opening on surface must have have 62.5 metres. So, to take out a volume of 72.5 cubic metres of «dyke» (1.45m50m1m), you have to take out 3,125 cubic metres of waste (62.5m50m1/2). Hum! In geology, we call that «dilution». The ratio is 50:1. Oh yes, what's the grade of this marvellous deposit: according to April 5, 2001 press release, 341.6 tonnes of dyke material has graded 13.12 carats, so average grade is 0.038 cpt. Because of dilution, grade fells to 0.00076 cpt. Let's say that brilliant Hermann find a way to mine that deposit at the total cost of $10.00 a tonne (he uses Inuits as slaves!!!!!). Since he wants a nice return on investment to pay for his huge salary, he wants 15.00 per ton revenues. Well, because there is only 0.00076 cpt of diamonds in the material , value by carats has to be around $20,000 per carats. How large was the biggest diamond found in the Torngat? Do you want we try with underground mining? I'l give you a tip: at Raglan, mining costs are $2.00 a pound of nickel (taking into accounts credits for copper and PGM). Now, do you understand what I meant by «dreaming»?* Actually I really don't care all that much about Torngat at this stage of things, but you keep bringing it up as a vehicle for ridicule. Like most people, I'm more interested in the results from Freightrain You should care because the same man is spending our money, having the same kind of dreams at JI. JP