RE:RE:RE:RE:RE:RE:Taking Stock of "Sluice Fundamentals"Redflame wrote: This is rocket science. It gives me a headache. Do they have to blow up just the Mt. Roe rock or also the goldless conglomerate layers? What size particles work best for getting the gold out thru ore sorting? Not simple. I wonder how far along the studies are? Oh well, we'll probably know in a few years the way things are moving.
https://www.miningmonthly.com/development/news/1306433/blasting-costs
For the conglomerate hardrock, Novo would have extract the gold bearing layers and crush them prior to sorting. It's the Concrete Nature of the Paradox.
The individual operations are not difficult tasks to undertake, and they been done for many decades in hard rock mining for many decades.
What you may really want to question are the aspects of cost - extraction, crushing, sorting, and most important: the enviromental and reclamation responsibilities. This would also involve the impact of removing and reclamation of the non-gold bearing overburden.
Unlike, the very low grade gold mines of the Nevada Great Basin (sub 2 g / ton) where gold is distributed in mass volumes of rock spanning great vertical depths, the Pilbara conglomerate gold bearing ore being sought would be near or at surface. The conglomerate ore layers may continue to dip to great depths in areas, but it would introduce escalating extraction costs, and therfore a secondary priority. There is a cut-off criteria like any normal mining operation.
https://barrick.q4cdn.com/788666289/files/doc_presentations/2019/09/Nevada-Gold-Mines-Analyst-Presentation-September-2019.pdf The Pilbara gold bearing ore that would initial be sought after is the horizontally distributed ore at (or very close) to surface. This is the cost advantage. Once again, keeping in mind that the Pilbara hosts much more gold than what is hosted in conglomerate layers. MOY is now fully owned by Novo, and along with the acquistion comes exisiting open pit ans underground shaft mine operations.
https://www.millenniumminerals.com.au/wp-content/uploads/2019/09/1971538.pdf Gold production from the MOY Nullagine Project is sourced from six mining centres established over a +40km strike length. Gold production from Nullagine has traditionally been sourced from open pits, however mining commenced at the Company’s first-ever underground mine at Bartons in late 2018 and a second underground mine was scheduled to be developed at Golden Gate in Q3 2019 (prior to MOY entering Receivership and being acquired by Novo).
An investor does not need to fully understand the costs down to the dollar for each mining operation. All that is required is the understanding that the oprations costs would remain signficiantly below the current price of gold, and that Novo management is fully capable of finding the most profitable regions to mine at profit.
Tx