RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Novo Artemis Kirkland LakeTXRogers wrote: Millsking wrote: Artemis is a nickel/copper play that will have cobalt credit. Get the chocolate box and read through the cover. Prior to conglomerate gold the land package and the purchase of the plant is a clear indicator of that . The gold circuit addition will services non conglomerate as well as conglomerate and for me was a smart move as the non conglomerate gold is near surface and a easy money spinner. I will be the sulphide plant will now increase in capacity to 1 million plus tons not including the gold circuit or they will build a heap leach facility...with radio hill was permitted for . The costings etc etc have already been done by fox .
For those that don't know the history of fox , the biggest mistake was they hedged all their production to fund everything. Once the nickel price went through the roof they did not have enough capacity to take advantage of higher spot prices. Once the contract finished the nickel price crashed and the rest is history.
the milling grade was always consistently higher than head grade. The plant worked well. Fox should have added the second mill at the start , it was to late when they upgraded.
2018 Artemis have cash , no need for hedging and the plant has had a birthday.
Novo /Kl have a hell of a lot of work to do and to be honest if it's a sure thing that all of novo land is a gold slab why stuff around and just build a purpose build facility more central to the mining locations .
Im more bullish on the base metals and feel some people are going to get caught out on this .,I don't think it's as big as what people think as far as economic gold is concerned. Some things are just not adding up for me. Hope I'm wrong .
My point exactly . Your taste in chocolates is different than mine. But both are equally legitimate. I don't think at all ARV has gold everywhere. Only in choice spots. It also may have a critical permitting and infrastructure assets in our "box" which gold production friendly . Rhino sure as hell makes a strong case for it. Welcome to DLs Flying Circus. I know why DL once stated after lunch with QH that he considered him a very focused man. Because "single focus" is not the way DL operates in my opinion. Nothing wrong with that, but it can result in one hell of ride. Tx
Tx I didn't say arv has gold everywhere ....I said people think novo land grab package is on a gold plate. My concern is not enough other large players are throwing money at this thing. It's the same name. Why would a major let a mid tier take the leas on another wits? Why hasn't another mid tier taken a position?
I bet a major takes a position in the Pilbara and it won't be conglomerate gold ......will be gold however and it will be around the marble bar area.
Right now a company with pre existing infrastructure can take advantage of conglomerate gold but you couldn't build a 2.5-5 mtpa operation on what has been delivered up so far. I mean will a KL shareholder give approval on investing more money on current data ? . Some serious action will need to start happening.
Like I said I hope it's huge but I don't know .