GREY:SIXWF - Post by User
Post by
kukamanon Jul 22, 2020 6:01pm
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Post# 31304677
This article is a few months old but it is a very good
This article is a few months old but it is a very goodreminder of the tremendous potential of the IXOS Gold Extraction technology. In my opinion the potential of this technology is more worth than the current market cap of SIXW.
Could Nanotechnology Bring Down the Costs of Gold Mining Extraction? February 14, 2020
https://goldstocktrades.com/blog/2020/02/14/could-nanotechnology-bring-down-the-costs-of-gold-mining-extraction/ This is where the problem lies with a lot of gold miners.
More than 10% of gold mined is lost in this 100 year old cyanide solution using activated carbon. This comes at a huge cost for big producers like Agnico, Kinross and TMAC. A 200k oz/year producer could lose over $26 million annually just lost in cyanide solution and carbon particles.
One of the key features why I believe miners will adopt Molecular imprinted polymer nanotechnology over activated carbon is that you can use a lot less water. Water is a major issue in South America especially Chile where indigenous people are concerned that they will lose their drinking water. The eluent is reusable and the size of the plant is much smaller. Take a look at the tour of their pilot plant at one of Kinross's gold mines.
This patented technology can transform the gold extraction industry.
Its six time faster to strip the gold from cyanide and saves the miners $100 per ounce. The company signed a deal with Sumitomo the Japanese mining giant to market this technology to their network.