RE:RE:RE:RE:RE:RE:No rihme no reasonBrahmaViddo wrote: The meeting is to get a bigger chunk of Whitney. But if you want to keep interpreting that as a buyout meeting that's your problem. Sure they could increase the back end of the Bell Creek Mill. Too bad the shafts are the bottle neck in production. They can't get any more tons to the mill because the shafts can't handle it. As for the GAP resource due in March of 2016, it's not as big as you think. My own estimate is 800k ounces mineable at 5gpt with dilution factored in.
From LSG website: The data is a little old but look at the
haulage capacity - 6000 tpd.
Looks pretty good to me. Yes, they will have to handle waste management more effiiciently, but
with the thickness of the deposit, they should be able to do that. Bottle neck?
Any extra mill capacity will be waiting for the 6.85 gpt from Whitney.
Any 144 resource estimate will only have drilling until Dec 31. That could really be a problem.
Questions were asked on the conf. call about continiuing to drill past that date. No good answer
was given. They need time to create a model.
Here is why this could cause problems:
Every single time they stick the drill in they come up with more gold. 300 - 400 meters thick-so far
OPEN AT DEPTH. They need to put in some drills to the 1500 meter level. 4 deep drill holes
would be great!
A buyout would go on the initial resource estimate and that would not show what is really there. They find a new zone farther south everytime they try.
See my previous post about the Buyout value of LSG - $1.5 Billion
From LSG website:
" The mine currently produces at approximately 2,700 tonnes per day of ore and 700 to 1,000 tonnes per day of waste. With infrastructure possessing a total haulage capacity of 6,000 tonnes per day of ore and waste. Timmins West Mine has potential for growth."