TSXV:AAA.P - Post by User
Post by
stocktaon Jun 20, 2011 9:48pm
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Post# 18741280
Take a look at the numbers and they don't lie...
Take a look at the numbers and they don't lie... 19% grade for an open pit mineable resource with an opex of around $70 per tonne is outstanding, 15% is considered economical for deep shaft mines (>1500 meters) so having 19% with a shallow open pit mine is just as good or better than a 30% grade in a deep shaft mine that has opex greater than $300 per tonne and costs $3B to build. Besides, the total recoverable contained KCL is the story here and solution evaporate mining creates higher recovery rates than deep shaft mining so again we have more going for us than a Sask mine.
In an email to me in late 2010 Farhad stated "
We are looking to have at least 20 million tonnes of recoverable, measured potash to start our feasibility study."
Well he got it and close to 5 times that much with this 43-101 so how is this bad news? Plus they will keep drilling until later 2010 and likely expand the contained resources to around 200MT which would provide a mine of 2mtpy for 100 years.