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Gold/Mining/Energy : A New Age In Gold Refining -- Ignore unavailable to you. Want to Upgrade?

To: go4it who wrote (613)	2/13/1998 5:19:00 PM
From: Michael J. Wendell	Respond to of 672

Very Good Charles Bankes, I agree, a commercial process lends itself to automation and furthermore, it can scale up to current day limits of modern mining capacities. The process being developed seems to be repeatable and it should continue to do so because it specifically targets the chemistry and physics of the values in the process. It also has a repeatable fire assay to use for reserves development. That is very important. As to the commercial costs, there was a recent post under another thread that talks about the King Tut. The same costs that are presented as estimates for the Russian cluster resources in that post are comparable to those that we are predicting for this process. I would suspect we are doing the same thing. That report appears to be based on preliminary estimates. That is where we are also. Can our method be scaled up. I wouldn't be surprised to see plants milling and using our process, beneficiating 50,000 tons per day. I see that goal in 5 years That is possible with metallurgical tests continuing to resolve as quickly as they recently have been. A requirement is a much bigger financed development thrust being done and providing permitting by regulatory agencies doesn't take too long. Seven to ten years might be more realistic considering nothing goes as smooth as we would like. Pilot plant capacity of 1,000 tons per day can begin construction within 4 to six months. Again that is subject to project, site and permitting restrictions on time. I also agree with that post, that as these deposits in Arizona come on stream, there will be a softening of precious metals prices. I feel that happening is some time off. I see the potential for these deposits in Mexico, Arizona, Nevada, Arkansas, New Mexico, Texas, California, Colorado, Utah, Idaho, Montana and central Canada as well as Russia, Yugoslavia, Australia and the list goes on and on. The best management today will be the producers of tomorrow, and only a handful of those will prosper. Management and technology will separate the "Men from the Boys". mike