GREY:WFEMF - Post by User
Post by
wolfry1on Oct 28, 2014 9:35pm
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Post# 23070460
Mismanaged Company & Tungsten APT Prices are Crashing Read m
Mismanaged Company & Tungsten APT Prices are Crashing Read mMarcusA. ....
You stated ........."
To make matters worse Woulfe's CEO stated that the cut-off grade was changed from 0.15% to 0.40% WO3 which is NOT good for the economic viability of the project or the new feasibility study."
But the facts are ....from the News Release Oct 15-2014
The 2012 TetraTech Feasibility Study produced mineral resource estimates at a cut-off grade of 0.15% WO3 based on a bulk mining approach contemplated at that time. By comparison, the AMC Report, having been delivered to the Company on October 3, 2014, uses a cut-off grade of 0.4% WO3 based on a more selective mining approach currently being considered. TetraTech (2012) was a bulk mining approach - cutoff of 0.15% WO3
AMC (current) is a selective approach - cutoff of 0.40% WO3
In other words...the current AMC proposal would be mining the higher grade sections FIRST ..!!!
Why move tons of dirt of low grade when you can move a whole lot less tonnage of much higher grades at the beginning of the project. In essence, you would be digging up 2.7 tons (TetraTech) for 1 ton (AMC) for the same amount of WO3 at cutoff. The AMC approach looks more efficient .....we'll see .. soon enough..!!!
Wolfry1