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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (8473)	10/18/1998 11:18:00 AM
From: Solon	Read Replies (3) \| Respond to of 26850

So why did it cost 1 billion for the Ekati, jack de lumber? This why: carc.org

To: E. Charters who wrote (8473)	10/18/1998 8:11:00 PM
From: marcos	Read Replies (1) \| Respond to of 26850

It won't be the mill costing a billion at Ekati, it'll be the permitting and mining and camp and amortization of exploration costs forming a majority of capital and operating costs, imho - none of which you get away from by trucking ore somewhere else to mill. We were talking there strictly about the choice of milling on site as opposed to hauling the ore to another mill. It's my impression that a diamond milling operation is fairly simple and relatively low-cost - you just grind it up and sort out the diamonds, right? Thirty years ago it might have been logical to go in with a small mill and cream it - take off the easily-mined top, and make some cash flow. But now with the years of environmental hoops to jump through, you likely have to go big or not at all, eh. This guy may be a wsp shareholder onlinether.com