GREY:ADEXF - Post by User
Comment by
zedman4on Jul 22, 2011 9:39pm
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Post# 18864101
RE: RE: WHy is this not moving?
RE: RE: WHy is this not moving?The delemma with the Tuk deposit is two fold.
- will it become a satelite of the Roche Bay operation or
-will it take on some new partner and go it alone.
The problem with trucking the iron ore to the Roche Bay
facility for processing is the ratio of 30% fe & 70% waste
that would come along for the ride. Therefore it may be
better to look at duplicating a milling and refining plant at
The Tuk to cut costs in the long run.
It all depends on how much ore is at the Tuk; if larger than
the "C" then maybe both ore bodies could be processed at
a plant located somewhere mid point between the C and
the Tuk. Until this uncertainty is resolved, the sp will con-
tinue to languish. Just my opinion.