RE: RE: RE: RE: RE: RE: RE: Look at Baffinland OVE There appears to be selective interpretation. Below are exerpts from ADV PEA. While it is early to state whether AXI has exploitable DSO, one needs to look at all information and disclosures. Many on the blogs are promoting their own agenda/point of view but opinion should never stop one from reviewing the facts.
Given that QCM's costs are ~40-45 and IOC ~50-55 and importantly CLF Bloom Lake costs are ~90 per tonne, one needs to look at optimistic forecasts for other emerging producers.
Key to iron ore development is infrastructure. As yet i have seen no credible solution to load a Cape without using IOC's dock. Not just ship loading, but staker-reclaimers, conveyors, laydown areas and other infrastructure that forms an important part of the port facilities.
From page10-4:
The Rose North and South-West Rose zones were difficult to test due to the topography, thick overburden and swampy terrain.
Drilling on the South-West Rose Zone was limited to two cross sections. Drilling was difficult
due to a combination of thick overburden (37-65 m vertical depth) with deep saprolitic
weathering.
From page 20-15
The exploitation of iron ore at the Kami Property will require significant infrastructure
development across the mine site including roads, rail lines, buildings, tailings dams, ponds,
etc., as shown in the site plan in Section 18 of this Report. These infrastructures require site
development within three broad areas based on the geographic locations of the Property claim
blocks: Western Area, Central Area, and Eastern Area.
Western Area
The proposed Rose Central pit and Mills pit, and associated waste rock dumps, and haul roads
will be located in the westernmost portion of the Kami claim block.
The area displays a rugged physiography with hills and valleys reflecting the structure of the
underlying bedrock. Bedrock outcrops are noted occasionally along the crests of ridges while
thick deposits of overburden occur in lower lying areas representing rock fold depressions. It is
anticipated that site grading requirements for development in this area will be greater due to the
variation in topographic relief. Significant pre-stripping in the area of the proposed open pits is
anticipated given the thickness of overburden and evaluation of the waste rock dump
foundations will be necessary given their proposed situation on rolling hills above the open pits.
Central Area
The central portion of the Property is the proposed location of the majority of site infrastructure,
including the Primary Crusher Building, Processing Plant, Mine Service Building and the Fuel
Unloading and Tank Farm area, Vehicle Maintenance Building, Large Vehicle Parking Area,
Thickener, Mine Offices, Maintenance Offices, and Warehouse Area.
This low-lying area has relatively subdued topography. Overburden is anticipated to be thick in
this area and feature alluvial deposits of finer sands and potentially significant silt contents.
Isolated boggy patches and fine sand and silt fluvial deposits associated with streams in the
area may present difficulties for construction.
At SG = 2
Total overburden = 46.8 million tonnes