RE:RE:it's very simple
HighROI wrote: Bullman, How about using facts instead of opinions in arguments. You never use facts ever. Eagle point is mining .61% ore at 450m profitably using very cost effective blast stoping mining. I have posted this detail on this board before. It is now in the updated presentation (the depth isn't) Not exactly high grade and 350m deeper than where mineralization starts.
Saw this in the CEO.ca chat the other day between James Fraser and Eric Coffin:
James5 gold producers making money at $1170 gold - https://ceo.ca/2015/06/05/5-gold-producers-making-money-at-1170-gold/ $KGI
$LSG$TGZ$CRJ$KDX
(https://chat.ceo.ca/index.html?c344c691d8bd)
HRA-Coffin@James. Mainly underground operations on that profitable mine list. No surprise there
(https://chat.ceo.ca/index.html?41ef24597206)
HRA-Coffin@James "You can't stope an open pit." Lots of companies being painfully reminded of that lately.
(https://chat.ceo.ca/index.html?4e1fa6b4683c)
JamesMost of those operations I mentioned today are also high grade
(https://chat.ceo.ca/index.html?009c04fa4cc5)
HRA-CoffinYou don't want to be "high grading" and potentially sanitizing some of your lower grade reserves - and I don't think most of the operations you listed are doing that - but at least if you're running 8 or 10 or 12 stopes you CAN increase grades when prices are low to stay cash flow positive. If you're blasting 10 metre benches on a disseminated deposits and the price falls below cash cost you're done.
(https://chat.ceo.ca/index.html?ea2de8f73039)