GREY:STACF - Post by User
Post by
JoeBloon Nov 30, 2006 1:16pm
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Post# 11779721
The reality is...
The reality is...that PAX's property likely has over 10 times (or more) ore than is listed in their current resource estimate. Increasing the size of the overall ore body is not the issue for PAX. What is the issue is increasing the amount of the known 10%+ ore body. Why? This is what any mining justification will be based on. And any mining justification needs to ensure that the economics of operating in the Yukon will remain competitive with any new mines coming on-stream in 3rd world countries where the cost of operation is usually much lower. Look for PAX to work at proving out the higher grade zones as opposed to just growing the overall size of the ore body.