Get some conversation going here.. whats everyones thoughton the mine optimization news that we SHOULD be getting in the days to come? These types of mines (leech) can cost between $400,000-$700,000. The difference here is pretty obviouse as the difference alone would get us a nice return for a buyout price. If GBM can show costs on the low end of the spectrum, we should have a very nice and low cost PEA. High end will, of course, cause costs to be a bit higher. I suspect that where we have a higher recovery rate fo Cu at around 86%, costs shouldnt be that high... IMHO of course. Then again, to recover gold, they may need to upgrade here and there to ensure good recovery. As far as location goes, drill sites are all fairly close together. The second part is the processing rate. I would suspect that they are going to want to run 24hrs a day. Depending on how long the rock will need to sit in the pools for and how many they will need etc... My DD shows that there are plenty of working in the area so it should be possible. The Ecuadorian Gov't has ensured that the mine laws will take effect and will not change for 15 years. They should have no problem whatsoever getting setup over the next 2-3 years and mining completion within the remaining 12. Does anyone else here know what the costs are in regards to fine grinding crushers are compared to typical ?? Thoughts??
GLTA,
B