RE: RE: News from KaukuaI am not a geologist and i do not own this stock but im thinking about buying it tommorow.
i found this site ----> https://www.napalladium.com/explore_arctic.htm
It is a 6 dollar stock as of monday 26th 07 close and if you notice their open pit mining section half way down the page it may provide some comparison.
NVT's is closer to surface and they specifically present these drill results as open pit mining material.
The site above lists in PPM and this release is in PPB so its a 1000:1 ratio.
That leaves roughly alittle over 1gram over the strike length of PGE's reported in the release.
I dont know how viable those results are based on the location of the potential pit..... and they mentioned in the release that some of the holes bottom out at around 100m. So even though it doesnt go deeper in these areas so far, is it still worth mining provided they prove up a resource?
These are my main questions.
What is the economic value of 1.15 grams per ton of PGE's against the cost of open pit mining?
Are there mills in the area or within a few hundred miles?
Any help would be greatly appreciated.