RE: Rocmec in the newsTranslation using a internet translator - my comments in red
(Montreal)Rocmec is not a mineral exploration company like the others. No sh t The young company has noproducing mine, will theyever???? but it records revenue for three quarters. not very profitable so far And it is one of the few goldcompanies to find the extraordinary idea of a sharp drop in gold prices. not very likely to happen Portrait of a young mining isalready at a crossroads.
In the early 2000s, DonaldBrisebois adapted mining technology used in stone quarries Group Gilbert,Chicoutimi. Adecade later, it encompasses some of the biggest players in the industry.
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Thermal fragmentation is to useextreme heat (1,800 ° C) to break the rock in places targeted a mineralizedcorridor. Thepieces of rock are ground into a concentrated ore in which it is gold.
Mr. Brisebois has patented themethod for operating narrow vein deposits, but very high grade, with a width of30 cm to 2 m. I thought itwas up 1m “Withthis method, it's now possible to extract a narrow mining corridor with widthsof 30 cm to 1 metre. From RMI website” Often, the conventional methodof blasting dilutes the ore through the rock and makes the operation extremelycomplex and costly.
Fragmentation can reduce operatingcosts of narrow veins of 30-50%, says Donald Brisebois.
He argues that the process willreconcile environmental and mining. "We are able to exploit thegold without damaging the environment, he says. Thereare no tailings and waste rock much less. We follow precisely the veinsand we do not use cyanide. "
At Crossroads
The mining giant Newmont usesits Rocmec to study technology in a field in Nevada. The small companyVaudreuil-Dorion has also concluded a similar agreement with Goldcorp to minePorcupine Timmins, Ontario. Didyou forget to mention Fres and GBG or have they already deemed TF notfeasible/viable method?????
"This allows us to givenotoriety to the method of mining, says Mr. Brisebois. Wetrain their employees. We work on boulders. They will analyze the benefitsand savings of the method. And they pay us according toproduction. "
Newmont is also in a period ofevaluation. Ifleaders like technology to the point of wanting to use it more widely, there isno 10,000 options. "They will hire as asubcontractor or we buy," says Donald Brisebois.
Rocmec is thus a focal point ofits existence, seven years after its IPO. "The technology isapproaching commercialization, but we can not do it alone, says Brisebois. We must find partners or sellthe technology. "The CEO argues that two major manufacturers have alreadysounded.
"There is too much demand,it will move," he adds. Johnis this type of info not worthy of a press release????
The request would be evenstronger if the gold price plummeted. "If the price drops byhalf, it would be extraordinary," says Donald Brisebois. Many mines have operating costsvery high. If the price decreases, firmswill reduce costs and take advantage of our method. No they will do what they did before, put nonprofitable mines on care and maintenance The higher the price goes down,more will increase our growth. "
But a price increase is not sobad either, given the ambitions of production of Rocmec.
Towards the production of gold
Rocmec has gold properties inQuebec and Peru. Really, Quebec and Peru – what isthe current status of each location?Hismain project (Rocmec 1) is located 40 km northwest of Rouyn-Noranda.
"We bought the property for$ 700,000 in 2005, said Donald Brisebois. The company that came before hadtried to undermine the conventional way, but it created too much dilution itwas too rock. "Rocmec believes he can exploit the field with the thermalfragmentation.
For now, the property has100,000 ounces of gold measured and indicated and 500,000 ounces inferred. Rocmeccontinues drilling. "We want a millionounces," said the CEO. The production target is veryclose: first quarter of 2011. "Everything is ready, saysMr. Brisebois. We constructed the treatmentplant underground. The accesses are in place."
Rocmec has already invested 28 millionin the project. But mining is still looking forsix to production.
RMI mining shares.....not gold