RE: RE: RE: RE: RE: volumeDweks motivation is purely and simply to get back under the radar
A few more days of crossing t's and dotting i's and defining exotic constructs like 'Hypothecs' and we will be moving toward the choreographed drawdowns
JR has referred to Barrick in the past as a model for Dianor..... he wasnt being vain even though some posters criticised the comparison.... he is a student of history and watched Hemlo being proven up beyond doubt before the majors like Teck and Barrick jumped in...... he is expecting the same for leadbetter
the below description on how Hemlo became established is informative... change Gold to Diamonds, change Barrick to BHP/RTZ/DeBeers and you get the idea...... the point being that it is up to DOR to prove the economics because no VP of Rio Tinto, Harry Winston, BHP etc wants to be the man who bought a dud on the cheap.... they would all prefer to be the guy that bought the real deal for $1 more than what the competitors were prepared to pay..... as the saying goes....no one ever got fired for buying IBM
Good old fashioned prospecting smarts, innovative geological thinking and interpretations and perseverance led to the discovery and development of this gold mining complex. At the time, it was improbable to think that three headframes not more than two kilometres apart located within snowball throwing distance of the Trans Canada Highway were producing gold on previously explored ground. The mine in the middle - Golden Giant mine - began production in 1985 and it closed in 2006. The mine in the east, David Bell, and the mine in the west, Williams, are still in operation today and part of Barrick’s fleet of global gold mines. The Williams and David Bell mines share milling, processing and tailings facilities and the ores are co-mingled for the extraction process. In 2009, these mines produced 275,000 oz gold. Estimated proven and probable ore reserves contain more than 1.3 Moz of gold.