TSX:LSG.DB - Post by User
Comment by
cre8valueon Sep 11, 2015 11:25am
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Post# 24096242
RE:RE:What's coming up
RE:RE:What's coming upWouldn't it be best to use some of the $85 million and finish the back-end circuit. Isn't this basically just adding more CIL tanks?
I could see AISC driven extremely low with this completion to 5500 tpd.
What is the bottleneck? Seems there is plenty of ore to process. Relatively Low Cost.
This would get them to over 250,000 oz/year.
What is the hold up?
From the company website.
"The new crushing and grinding circuit also positions the Company for a potential future expansion of the mill at relatively low cost, given that the new front end will already have a capacity of 5,500 tonnes per day. As a result, the work to expand the mill to that level will largely be concentrated on the back-end of the circuit and will involve considerably lower costs than those associated with the current expansion."