RE: RE: RE: What If? Funny that all depends on Francisco I / II. Every politely served point of discussion is only another target of sarcasm. All are wrong except one. Every question is treated as a personal attack. Is one good call a reason for being gruffly?
I only here more more more. Yes, a small project won't be filling up any pocket. But is more drilling the KEY right now?
[excerpt from an interview released on October 14th on mineweb]
"Strang also spoke at length about the decision to go ahead with a scoping study of Taca-Taca. He put it this way, when it comes to drilling Taca-Taca, Lumina is faced with the "law of diminishing returns." It's a question of "how big do we want to make this thing," Strang said. Lumina might keep on drilling and drilling, but the added size in terms of return on investment, for instance, added minelife to already extensive minelife, becomes less compelling as the deposit grows.
Lumina has reached the point, in terms of deposit expansion, where Strang asks, what value would a ton more drilling create for shareholders? The answer is that Taca-Taca is more or less big enough now and the time has come for Lumina to concentrate on developing a mining scenario, strategic review or no.
While Strang, ever cognizant of the regulatory devil that may be peering over one's shoulder, was hard to pin down on specifics about the scoping study, he still had a few interesting points to make. Suffice it to say, with existing resources, Taca-Taca will be big. Yes, likely north of a 100,000 tonne per day operation drawing from already massive resources that may yet grow."