Crux Investor's notesPeculiar that we haven't been aware of this source of information before now.
It seems that they are missing the CRUX of the matter. That is, the mineralized
zones appear not to be widely diffused, but are of vein structures, and mining for
the most attracive return when making plans for production. longer term, will be
underground, and vein specific. Sure, some pockets near surface may lend
themselves to stripping open pits, but why take in masses of country rock, unless
initial cash flow requirements dictate that plan.
Surely costs to ship and mill large tonjnages 200 miles distant would negate
the most useful, optimum return. Fleets of trucks would be required,and shipping might be
prohibitive,
Alternatively, mining underground, using their own mill, perhaps second hand,
would enable NFG to ship the concentrated gold, or else, dore , intermittently to the nearest
smelter. one truckload at a time.
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