GREY:NUSMF - Post by User
Post by
thingandconcepton Mar 22, 2011 8:55pm
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Post# 18325159
Question
QuestionI was looking over the NUS over the weekend, and I was wondering if I could get some info from the board about a couple of questions that I had.
Here's how the story is playing out in my head write now:
Pros of Nautilus and SMS deposits:
High grade deposit; low capex; higher probability of spotting deposits from grab samples and exploration than on land (did i get that right)?; large claim positions; easy to use existing infrastructure across deposits separated by distance (on multiple deposits)
Cons to NUS:
small deposit sizes; PNG not the best place for mining (according to fraser institute survey); success depends upon future discovery to make capital investment worthwhile.
Is the Solwara 1 deposit indicative of the size of SMS deposits, or is it a small deposit? In other words is there any geological reason why SMS deposits can't be as big as VMS deposits on land?
Is there a particular reason why one might invest in NUS, which has a deposit of roughly 280 million pounds of high grade copper, over a conventional deposit of 2 billion pounds of low grade copper?
Thanks for the insight