GREY:LEWCF - Post by User
Comment by
Bentonstockson Aug 14, 2007 7:47pm
260 Views
Post# 13245435
RE: Speculation...
RE: Speculation...Maybe you should inform the people at Endako then... It seems that they are not aware of your financial analysis. Blue Pearl, now Thompson Creek, recently announced a new measured and drill indicated resource of 492 million tonnes of 0.043% Mo at a cutoff grade of 0.02% which it believes will extend Endako's mine life well beyond 2013.
Your statement that they "need higher grade" is an uninformed one. A genenerlization about the econmics of any grade is valueless, since the profifitablilty of any mine/deposit depends on the costs, which vary widely depending on a myriad of factors including geology (geometry, host material), location, logistics, etc. The virtue of Nithi will be the low cost, since the deposit starts at surface, and given the existing infrastructure.
I am afraid you'll have to try a little harder
Regards,
B.