Post by
nofluff on Nov 09, 2020 10:40am
beware the junior hype
There r good ones 4 sure. ymi proved that.
Tely was over here bashing gib low grade. Why. No doubt swing some cash 2 the kodiak new high grade discovery. What has happened there?
Long hi grade pay porphory. Stock shoots to 3.50 from pennies. Then drifts back to 1.50.
Another long high grade drill intercept today and market sells down 25 cents more. Why??
There is a need to remove 1000 feet of overburden just to get to the low grade top. Then years of mining to get to small high grade.
Strip would be billions of cap ex before any pay. Where would u put all that waste rock?
They could find other deposts closer 2 surface but that will take a lot of drilling, time and money.
It will be a decade at least to find something feasable. Gib has most of the waste already removed and ore profitable every q. Florence proven and almost permitted.
Ymi almost no overburden and proven.
Np and alley proven advanced stage.
nf