GREY:OLEPF - Post by User
Post by
tony1969on Dec 11, 2012 6:28pm
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Post# 20715908
Open pit vrs. Underground....
Open pit vrs. Underground.... Hey Rob if you look on the bottom of page 10 in OLE's latest presentation you can see that 84% of their indicated resources are open pit and 16% is underground. As far as inferred ounces they have to go deep. Underground is 95% and open pit is 5%. Of the 3.8 million indicated ounces that they have proven, 3.2 million (84%) are open pit which is less expensive than underground to mine.