RE:RE:RE:RE:RE:RE:New deck on websiteThank you thereader. This certainly is a good explanation. I guess we will need to move step by step as there is a lot of drilling to do anf financing will be needed. Hence, the share price that needs to move once we get to 3dip. Hopeful, carefully optimistic. ill be happy if we get back to 50 cents solid before year end 2020.
thereader wrote: A few thing to say about the various resource numbers cited.....
Bateman included about 7.4 billion pounds (3.3 million tonnes) in their PFS as the mineable resource, using just what would be called today Measured and Indicated, BUT, all of what would be considered Inferred by today's catagorization standards was treated as waste. Thornton in 2011 identified this Inferred Resource as several hundred million tonnes of additional mineralized material (>800 million if I remember correctly, of which aboout 500 million is within his conceptual pits) and if one includes this 500 M tonnes in the mineable resource it works out to about 11.5 billion pounds (>5 million tonnes) of contained copper in a mineable resource. This would move Santo Tomas way up the Ambrian list, makin it among the largest, and certainly among the top 2-4 projects when location, infrastructure and jurisdiction are considered. But because of the age of both of the historical reports they could never yield a compliant resource, though both look to have been done with a rich data set and using methods acceptable today. So, I'm comfortable that ST is a very large resource (and will get even bigger with drilling). Ambrian seem to be comfortable with the growth potential as well.
Oroco seems to have taken a conservative approach in its Technical Report, which was required to complete the acquisition and likely wasn't ever intended to fully detail the resource at ST as it couldn't have been presented as anything other than historical. And a thorough read of it would make obvious the size of the resource defined in the past as well as the probability of a very significant expansion with additional drilling. Oroco focussed on higher grade core, which is considered THE KEY to the economics. It's apparant with any look at the historical work that the resource will grow is size, but identifying the presence of an economically robust resource to be mined in the first decade hadn't been done in the past and repressents a big added value IMO. Oroco has added to the understanding of ST by identifying such a part of the resource as to have demonstrated the important early term economics.
The detail in the tech report, and on the past and present decks, makes in clear that with additional drilling ST will grow to meet whatever size threshold one could set. In addition to the 11.5 billion pounds Thornton estimated, the fact that the historical holes only tested the top 2-300 meters of a type of mineralization that routinely extends 1000 meters or more, with half the drill holes of that period ending in ore, makes it obvious that ST will grow, likely by a lot. I encourae averyone to look at the projected ore body, identified in the tech report as well as the new deck just posted, and see the relatively small area tested when compared to the potentail strcture at depth, not to mention the (relatively high probabiity IMO) of resource expansion to happen simply by infill drilling in the South Zone.
And when the N side of the river is considered, and its potential to be an entirely new system.........!!!