PINL:VLTAF - Post by User
Comment by
ALLEN4on May 25, 2012 4:02pm
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Post# 19947962
RE: RE: Must be news coming monday!
RE: RE: Must be news coming monday! The big beef about Volta has always been low grades, even though we have upwards of 5 million ounces at Kiaka alone. The guys in the industry including the CEO of Randgold all take grades very seriously and it is only recently that it has been considered economical to develop a lower grade mine. Brent Cook has suggested that if South Kiaka has a significant highgrade deposit it could work as a starter pit, and the whole project could then make some sense. In other words there could be immediate payback for the capex and then after the highgrade was mined out they could continue with the low grade on the rest of Kiaka. I think that's what they are meaning by game changer. Victor King in the youtube presentation also said that the south Kiaka highgrade opens up a host of options as to how to develop Kiaka; not sure what he meant by that.