GREY:RNKLF - Post by User
Post by
goldhunter11on Aug 28, 2019 3:27pm
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Post# 30076163
Tech Report on Beta Hunt
Tech Report on Beta Hunt@yellojelly of ceo.ca/rnx indicated that there is quite a bit of good information for Ni and Au, with the emphasis on Au. They are waiting for the price of Ni to go up (not sure if the environmental disaster in Papua New Guinea would cause enough concern for the PNG government to shutdown the plant?).
" that is right the 2019 technical report but its a repeat of the older for nickel . The new stuff is the gold and there is plenty info. I still have it up as a tab, I like the images." It's worth taking a read, at least to look at the prety pictures.
In addition to this report, there is a bit of information on a recent interview with Graeme Sloan by Mikey when Sloan was in Toronto. There seems to be a shift in favour of more open pit at Baloo with BH providing what is needed to keep the HGO Mill filled. Doing more open pit with higher grades (currently 1.8-2.8 gpt) is a better way to make a profit (say USD 800/oz). 5000 oz from Baloo for 2 months (Aug/Sept) would rake in 5000 x 800 = USD$ 4M, or C$5M plus 8000 oz x 2 from BH = 16000 oz x USD 500/oz profit = $USD 8M = $C10M for a total of 5 +10 = $C15M which will be coming in at the end of September. Presumably, Paul Huet and the BoD just want to hold $18M in their hands a bit sooner?
PS: They have about 4000 oz worth of specimens to be sold...for about C$8M (minus some expenses), assuming no premium for specimen value...just mell them down to get the cash?
GH11
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