goldhunter11 wrote: Rhino,
Some comments:
- Test plant: As others have indicated, this plant is a test plant to process a 5-tonne bulk sample, which is a significant improvement from bulk samples to date (~0.3 tonne). This is consistent with what QH said in the last interview. May be it's not up to the production standard, but if they have some 10 samples they may be able to have some systematic indication about the grade.
- 5 tpd, or 15tpw would be a small prodcution rate, but for testing purposes, it would take 4 weeks for SGS to get 12 (5-tonn) samples done, which is fast enough to produce a decent report from an accredited company. May be we should give QH a chance to go down this route.
- The distance from CW to Perth is about 1500 km either via Route 1 or Route 95. Assuming 100km/hr for the truck carrying the samples. A large truck can probably carry 30 tonne, i.e. 6 samples of 5-tonne each, or roughly 6 x 10 (55-gal) drums = 60 drums (each drum would hold 0.5 tonne ore). It would take that trucker 15hr to bring it down to Perth, or if Novo is really in a hurry to get one special sample process pronto then 5 tonne sample can be ship air cargo which should not cost that much compared to the total cost (one example from the web: air cargo from China to NYC would cost around $4k for a 2 tonne crate, or scale it up...say $10k, chump change, for a 5-tonne ore sample). Air cargo would take around 3hrs plus transfer time, so the time saving may not be that much...Trucking from door-to-door would probably be better.
- I would agree with you that, if I were QH I would gamble (a bit) by going down the "production" route. Actually, he's seriously considering it (tender out for a much larger plant)...with Keith Barrons egging him on.
However, QH is operating a public company, he want to have his back side protected by doing things in a systematic and careful manner, or he would be lynched for his action by his shareholders. Ditto with KL and ES who has his own money at stake, but he would need to show KL shareholders that he's careful in protecting their investment as well.
Hope that you could cut QH some slack, lol.
GH
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Rhino10 wrote: Oh my God ! It gets worse -a whole 15 tonnes per week will be processed in a laboratory enviroment -with material hauled all the way to Perth. The plant is a complete joke -nothing but a small sample plant that in no way imaginable will be able to enable Novo to come up with any meaningful resource definition. At 15 tpw the 10,000 tonnes will be there to eternity. And the 20,000 tonnes at Purdys and the Artemis plant nowhere to be seen. You couldn't make all this up - lucky I sold most of my Artmesis stock -