RE:Zipped through itSo boom boom is needed as well as permission for acid.. and that is very difficult to get as I heard...
They should call demolition Dave..hes good!
Harmonicaah wrote: Salient points for moi.
The gold-bearing conglomerates (mineralised reefs) at the Beatons Creek Project are generally flat lying and have an average thickness of about 1.5m.
The current rate of royalty payable, within Western Australia, for gold metal produced after 30 June 2000 is 2.5% of the royalty value of the gold metal produced.In addition to the State Government royalty, there are third party royalties payable on gold production from the Beatons Creek Project. These royalties are payable to IMC Resources Gold Holdings Pte Ltd and native title holders. The individual terms of these royalties are considered commercial-in- confidence but amount to a total royalty of 4.75% payable on gold production.
The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
It is assumed that drilling and blasting will be required for the mining of most of the oxide waste and all the fresh mineralised reefs and waste.
Ouch strip ratios. see table. Ditto for mining equipment required and head count.
Groundwater quality is brackish to saline, with elevated concentrations of metals and pH generally neutral to acidic, with elevated acidity in the vicinity of former mine workings.
The PEA mine schedule includes mining of significant volumes of Potentially Acid- Forming (PAF) waste material and mining activities below the groundwater table. The compatibility of these activities within the P1 PDWSA and impacts as a result of mining below the water table (and associated drawdown) will require discussion with DWER.
It is noted these licences refer to oxide material from Beatons Creek and further assessment for Fresh rock is required.
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PAF waste rock encapsulation | |
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The high-level economic assessment of the proposed open pit operation of the Beatons Creek Project is expected to generate an after tax NPV of approximately US$250 M at 5% discount rate. ie: $1.00 per share
Information used in compiling this Technical Report was derived from reports and data sourced from various authors by Novo and their consultants. This report draws upon previous Mineral Resource estimates carried out by Novo, with the most recent being current as of February 2019 (Dominy and Hennigh, 2019). aka: Nina Simone
OPEN PIT MINING PERSONNEL
The mining operation will require a peak open pit workforce of 169 persons. It is assumed that the management and technical staff will be part of the owner’s team (19 persons). Contract personnel numbers were estimated for mine supervision, mine operations and maintenance (97 persons). Separate contractors are expected to supply drill and blast services (22 persons) as well as plant feed material haulage and crusher feed at the processing plant (31 persons).
Mine management, senior supervisors and technical staff are assumed to work 8-days on/6-days off roster while mine operators and maintenance personnel are assumed to work on a 2-weks on/1-week off basis. The mine operation is assumed to be a 7-days per week, continuous operation working two 12-hour shifts per day.
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Total Contractor Personnel | |
Summary: Based on current indicated and inferred if all goes well BC is worth $1 per share. Yoop ti doo. On the otherhand, a lot can go wrong.
Bucc