RE:RE:RE:Just waiting for this to take a dip so that I can take a sipThanks Yoshka2000
All good points and facts.
IMO one should watch for news regarding your "need to come up with" statements.
IMO the project will be either sold or JV'd before any F/study.
Look what happened to True Gold & the Karma Mine
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True Gold TGM.V - Bought Buy Endeavor Mining EDV.T STOCK INFORMATION
52-WEEK HIGH/LOW:$ 0.70
/ $ 0.145
MARKET CAPITALIZATION:N/A
SHARES OUTSTANDING:398,874,228
We are operating the open pit, heap-leach Karma gold mine in West Africa, which we advanced from PEA to production in approximately 3.5 years. First gold pour was on April 11, 2016.
The Karma mine offers a compelling production profile with strong potential for growth.
Karma Project Attributes
- High grade for an open-pit heap leach project
- Soft, shallow and free digging mineralization (minimal drill and blast)
- Low power requirements
- Excellent existing infrastructure (water, roads, labour, accommodation)
- Strong metallurgical results: Gold recoveries from oxide material for all deposits were rapid and substantially complete within 10 days, with heap leach recoveries averaging 87.2% LOM
- Opportunity to add open-pittable leachable material close to proposed central processing facility
- Fresh water reservoir ("barrage") provides sufficient water for mine construction and operational needs, as well as providing a year-round water source for local communities.
David Laing, BSc., ARSM, MIoM3, SME, Chief Operating Officer of the Company, is a Qualified Person within the meaning of NI 43-101. Mr. Laing has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.
True Gold - Karma Mine Link