GREY:TWNNF - Post by User
Post by
offshoreskeison Mar 11, 2011 11:46am
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Post# 18271170
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Know what you are invested in here because most of you don't have a grasp of the logistics.
All here have overlooked the area of the best holes the company would want to focus on will require a pit over a kilometer deep. As well overlooked is the large area of swampland over these holes. Also overlooked by you readers is the low grade everywhere else at great depth spread out over a large land mass also requiring a kilometer deep pit. Highly uneconomical ! As well you have overlooked the fact this is an inferred resource that has no demonstrated economic significance or feasibility. This is essentially why. Read on.
Way overvalued and way ahead of itself for a deep deposit spread out largely low grade inferred only resource.
Open pit not looking too feasible here
Best holes here #s 33- 27 & 4 are covered by swamp and the Molle river at surface. Holes 27 & 4 would require an open pit depth of a kilometer or more and hole # 33 being the most feasible open pit depth is surrounded in close proximity by holes showing mineralization also to kilometer deep levels. Drainage and re-direction of the surface watershed isn't a likely possibility here. Deep shaft mining isn't yet a proven option either regardless of what E-10-33 is showing.
Nothing is impossible but this area's prospects are well inside cost prohibitive territory. Beware !!
