GREY:LEWCF - Post by User
Comment by
Bentonstockson Feb 21, 2008 10:20am
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Post# 14519654
RE: Benton stocks ????out to lunch... GOLDFINGR
RE: Benton stocks ????out to lunch... GOLDFINGRUmmmhhh... You picked one hole (400E 007-14)out 26. The average starting depth of the minerlization of TTM's deposit is 174.075 metres.
Do you know anything about open pit mining, or anything at all about mining for that matter? TMM will have to dig a large pit to extract and of their moly ore. This will require that they strip/remove roughly 266,222,000 tonnes of waste/overburden before they can start extracting (mining) the moly ore. That would probably cost roughly $1.8 billion dollars assuming a cost of $7/tonne. To be clear, that means they will have to spend $1.8 billon before they start mining any moly!
You cannot just start digging a very large hole into the side of a mountain - it will fall down on you - they will have to remove the mountain above and around the mining area.
Next?
Regards,
B.