TSX:SUE.WT - Post by User
Comment by
play_n_layon Jul 10, 2011 9:59pm
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Post# 18816245
RE: RE: RE: Sulliden likely on a gold major's shop
RE: RE: RE: Sulliden likely on a gold major's shopgrade is a factor...but so is soil type, width, location (political and access to infrastructure) and as you suggest depth below surface
SUE has everything in its favour
1) soil type allows for cheap processing of gold (leach heap) with high recovery rates (I believe it was 85% after a week...take a look at the 2nd most recent NR to confirm)
2) The widths are super high, 80m's sometimes...tehre is lots of gold in there
3) Peru used to be stable, we have been hammered down becaues of this, taxes are very low, if the new government supports mining we have this in our favour - we are also right next to a lot of power(can reduce production cost by 50$/ton instead of using desil power), and highways
4) basically right on the surface
GLTA