GREY:LEWCF - Post by User
Comment by
cabo1on May 06, 2011 4:45pm
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Post# 18542467
RE: 43-101 and size of land mass
RE: 43-101 and size of land massThat is the last estimate yes. So far the mt has probably been 20% drilled max. Kriging will increase the resource size and in some cases the grade. Now remember everyone is hung up on grade but you need higher grade if the ore comes from a deep depth. LWC starts from the surface so your strip ratio ( contrary to what ding dong says) is very important. It takes a lot of energy to move X number of tons of waste to get to the moly. That's why you have really attractive discoveries but they are too expensive to mine.Finding it is one thing and getting out of the ground another, Then there is always the issue about the price of the commodity your mining. In theory should the price of moly double so should the value of a resource so you can guess the rest. Hope this helps.