RE:RE:RE:RE:RE:GJ Resources. ..BSdetector2016 wrote: Barrick has no interest in backing in because the project does not meet their criteria (500koz production over 10 years). It won't move their dial. As for open pit mining you need to get a better grip. Gold is profitably mined in Quebec (Canadian Malartic) and Ontario (Detour) at grades of LESS than 1g/tonne from open pit mines. There is no reason that Skeena can't do it at 4g/tonne.
oxinos wrote: And you think that the Eskay Creek deposit does not have its own shortcomings? The deposit is not a new discovery. Most of the gold ounces were there when Barrick optioned it to Skeena. What did Skeena management do diffently with regard to the deposit? They looked at it as an open pitable resource. But the deposit has so much overburden that it would be costly to remove all that overburden. That will add considerably to the cost. Unless they discover very robust numbers like 20 or more grams per tonne average over the whole resource it will be challenging to turn a profit without a higher average gold price. Maybe that is why Barrick has no interest in backing in.
Canadian Malartic deposit is 2.3 gr per tonne and is closer to surface and not on very high elevation as the Eskay Creek deposit is. Also it is not a dirty gold containining mercury as the Eskay Creek deposit. Open pitable resources can be mine profitably under 1 gram per tonne but they must be close to surface and bulk minable without the penalties of being dirty gold conataining mercury and other non gold elements as Eskay Creek has.