RE: RE: RE: RE: RE: Open Pit or UndergroundGo to the presentation:
https://www.prophecyplat.com/pdf/Prophecy_Platinum_Wellgreen_Presentation.pdf
Go to slide 16.
You can see the grades range on a color scale, and drill intercepts.
Remember the technical report was for 'Wellgreen property'. Wellgreen consists of the West, East, and North Wings.
The West Wing is where you'll likely see an open pit mine.. But the resource isn't that big. NOw look @ the grades. Not very promising. Now look @ the East Wing. It's likely to be an underground operation. But large blocks of the high grade have been mined in 72/73. And you likely can't apply a .4% NiEq for an underground operation.
Lakeshore Gold, and underground gold operater, mines @ 4.6 g/t, and they are barely profitable. My guess, you're looking for @tleast 7g/t PGM + Au. But you don't have that grade in the East Wing.
it may change once they incorporate some of the rare earth metals assays into the resource estimate.
Lastly, all you bulls are missing a crucial point. Why didn't Hudson conduct an open pit operation in 72/73 to get @ the ore? If open pits are less capital intensive, and everyone seems to believe the East Wing will be open pit, why didn't Hudson have one?
The common response would be that the resource was uneconomical back in 72/73 given the metal prices. But go back to the presentation (slide 16).
Look @ all the overburden you have to remove before getting to the any decent grades, and intercepts. That seems like a high stripping ratio. And by the time you get to the underground mine, a lot of the high grade material has already been mined. And can you simply keep on digging an open pit, once you get to the underground mine? I would assume there would be some stability issue, if you just kept digging into the underground mine.
but whatever.. keep drooling at the resource estimates, and ignore the other facts laid out in the previous technical reports.