OTCQX:SREMF - Post by User
Post by
theancienton Aug 22, 2014 2:23pm
428 Views
Post# 22870105
RE:RE:Tax-payer vs, Tax-taker ; RBI funding
RE:RE:Tax-payer vs, Tax-taker ; RBI fundingLow grade mine means the ore itself is low grade, the mistake was made on their 43-101, LOL gold mines had the some problems, 40 years ago, gold companies wouldn't touch a mine with oz/ton, now they mine gms/ton, because of hi tech. and the price of gold, so low grade gold mines can still produce 99.99 pure gold, but the cost is very high, same thing here with Li. LOL
It is obvious the original CLQ plant was incapable of handling such a low grade mine, LOL, I think RBI is making the best out of a bad situation, LOL, if the price of Li is $2000 lower, a feasbility study now would be no mine. LOL CHEERS GLTA