RE:RE:RE:Taking Stock of "Sluice Fundamentals"TXRogers wrote:
Redflame wrote:
What the next step is is to figure out the conglomerate grade on an area by area basis. Large bulk samples (expensive) at Purdy's/Comet will do the trick there. But what about the miles and miles of other exposed conglomerates? You can't tell the grade unless you do large bulk samples out in the middle of nowhere and if you can't tell grade then you don't know if it's profitable to mine. Especially under 20 feet of hard rock. I mean how far down dip can they go and still be profitable? Not far at the grades shown at Purdy's/Comet wells. I'm leaning towards the idea that the conglomerates under 20 feet of hard rock won't be profitable to mine on a large scale.
Not Quite. You miss the point. Once you identify the nature of the conglomerate and it's properties, you can commence mining plans.
The gold endowment will be there.
The basin was a primordial shallow sea, and it's mineralized as per its area, it's shoreline boundaries, and its surface conglomerate exposure via erosion.
Like I said, common conglomerate properties will yield a common outcome. Novo is well on its way already of becoming an expert with the Pilbara basin properties.
Tx
And it all comes down to the AISCs as conglomerate layers dip increasingly below surface.
How high will these costs go? I have no idea. But the cost allowance grows with the increasing PoG.
That is the Optionality of Novo
Tx