Louise Lake v. other minesBased on some preliminary DD, LL seems very small relative to other moly, copper and gold mines. The moly deposit at Davidson is significantly larger than LL, and some of the copper and gold deposits I've checked out at other larger miners are significantly larger. A lot of the successful mines I've come across are of larger size, higher grade, and larger overall deposit than LL. I'm a bit concerned that it's not large enough, nor of high enough grade, to warrant development. Does anyone know of any good sites that have organized a database of publicly available mine data, or do I have to dredge through SEDAR filings...?
That being said, the latest results are a significant improvement, and, based on some simple calcs, push the indicated value of the deposit up to about $750M, assuming relatively high resource prices and good recovery - also, not accounting for any costs such as development and operating. Any ideas on what mine construction and operating costs might be on a per tonne basis?
IMHO, if, based on industry norms, this mine looks like it might be feasible, then NAG should continue to shore up its estimates, trying to prove up some measured resources and enhancing their indicated numbers. No one will develop a mine on the basis of inferred data. We've still got a ways to go, but hopefully this is the start of some promising developments.