GREY:OLEPF - Post by User
Post by
hoosier1on Oct 03, 2012 8:01pm
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Post# 20445077
Offers & Heap Leach
Offers & Heap Leach Relative to comments about offers... I again do not think an offer has ever been made to OLE... at least not an official offer... otherwise that is a material even and would have to be disclosed... but again, OLE does seem to play by different rules...maybe the good & bad of the TSX.V & OTCBB
Re: Heap Leach... I am not aware of any gold firm starting heap leach process ahead of their primary mining operation... reason, as I understand it, is that heap leaching is at its most beneficial when it is used to extract more gold from what would have been waste tonnage from the regular mining operation... I could be wrong, but putting heap leaching first could be more problematic if the "bulk" gold wasn't removed first.
In other words, it is efficient & cost effective for getting smaller minute traces out of the waste, but not the best & most efficient way to get the higher grades out of the tonnage... i think
h1