RE: RE: 2009 LGOHi 5Carat.
Thanks for the reply. Yes, I've read through all of the technical reports on the property as well and have been through the flourite information a few times.
80-85% recovery is easily done in areas where Flourite concentrations are averaging 1%. You will notice the mention of "One operating plant using similar flotation technology has experienced and overcome this problem and the probablility of developing a successful flotation process appears reasonable" which means areas of higher flourite concentration should be able to be dealt with.
I know that the former Tiburon Minerals (now Dragon Capital) Nui Phao deposit in Vietnam will actually be recovering the flourite in their ore as a mineral credit. There is technology out there more advanced than what was used in the 1980 metalurgy so where those recoveries dropped off from higher flourite, there are options out there to mitigate the effects. I'm not sure if they would be able to recover flourite before or after the tungsten but regardless, the issues are know and other companies have dealt with them, and there may even be the possibility of recovering the flourite as an economic credit.
The scoping study will answer these questions for us....
Also on the 70% thing, LGO also has the option to obtain the remaining 30% for $5 Million I believe sometime in April being the deadline. I have a feeling we will see a JV partner come in and make that payment to receive some of the project interest......
lurk