Strip Ratio... On may occasions I have talked about the Strip Ratio...very, very important when crunching the numbers to determine the economic viability of a deposit.
Osisko Mining located in Northern Quebec has a Strip Ratio of about 4 to 1...Detour Gold in Northern Ontario is looking at about the same...4 to 1. I am using these two examples for comparison due to the fact that I believe that Cote Lake will take on a similar profile.
Strip Ratio...simply put...Waste to Ore Ratio...they must both remove 4 Tonnes of Waste to access 1 Tonne of Ore.
I am going to share something with you that I heard today...I have mentioned on many occassions that I believe the Strip Ratio of the Cote Lake Deposit will be 2 to 1 which is most excellent...today I heard that it will be just below 2...on the waste side...Fantastic!
Now...if the market is not pleased with that...well...what do they want?
The Strip Ratio at Cote Lake will be the envy of many....it is most excellent. Just think of the low cost of mining...the lower strip ratio cost will go right to the bottom line...when you are talking about moving 239 Millions Tonnes of Ore and about 478 Million Tonnes of Waste the savings will add up big time!
Remember...try not to focus on what we cannot change or control (irrational market behaviour)..focus on the reality of this Deposit...where in the world are you going to find one to replace it...if you have one...please let me know!
Digger144
P.S. The Strip Ratio among other factual information will be in print shortly! Preliminary Economic Assessment.