RE:RE:RE:RE:RE:RE:CSK.... CSK, your attempt to obsfucate with BS numbers and arguments is laughable.
I suggest you short TUD (& AMK, TUO) with everything you can afford. I'm sure you will be able to sleep much more soundly that way. Perhaps you can double your money once the full metallurgical report comes in (which is in process).
Myself, I am very comfortable with the metallurgy and general progress of this project. The minor issue for me is that it takes longer than I would like because the depost(s) keep growing. A first world problem, if you will. They do have those ten rigs drilling, so they are moving forward as quickly as one can resonably expect.
Another potential downside is it will take significant funds. However in my case, it is a non-issue because most of my holdings are in TUO with it's carried interest.
If TUD can manage to find the limits of Goldstorm this year, I would expect the maiden PEA within 18 months from now. Until then, I guess we will all have to listen to your baseless blather.
Folks, DYODD.
cskhurasu wrote: All true Rockport1. The problem is that the gravity+flotation concentration process only gets rid of 60% of the mined material, not 90%+ so the recovered metal is in 40% of the mined material, far too much, so the concentrate is very low grade, far too low at 2 grams per tnne to be economic.
The 2 gram concentrate is worth about $140 per tonne at current gold prices.Refining of the concentrate will cost on average of about $75 per tonne to get the metal and transporting the concentrate to the refinery will cost $25-$50 per tonne. Let's say $25 to be optimistic (although transportation costs are sreaming higher).So, out of $40 per tonne remaining, you need to pay for mining, milling and concentrating, capital, offsite overhead and shareholder profit. Can't be done.
The 88% recovery is good...that's not the problem. The problem is that the recovered metal is chemically or mechanically bound to a very large amount of waste to result in a very low concentrate grade. A 70% recovery in a concentrate of 5% of the mined ore volume would be far better.