OTCPK:SPVEF - Post by User
Post by
siena1on Sep 14, 2017 1:15am
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Post# 26693768
keep an eye on the grade
keep an eye on the gradegrade is probably understated:
check out the last paragraph of this old report published on ASX on 2008
https://www.asx.com.au/asxpdf/20080423/pdf/318ql5bfsq8c26.pdf
the quartz veins in the greywacke have a top cut of 30gpt. I saw this greywacke drill core a few years ago . They could not estimate the potential uplift in grade but explained why it could occur one reason being the bonanza grades in the quartz, we will know this next 12 months, but if material then it also applies to other resource estimates where you have quartz veins like Fifteen Mile Steam with its bonanza style quartz. Cash cost on Fifteen Mile could be under US$300.
This mineralisation is incredible, cheap to mine due to characteristics plus low strip ratio and bonanza quartz for some upside excitement,
As good as it gets. All major mining concerns were born from high margin deposits like these.