GREY:VITFF - Post by User
Comment by
slamdunkon Aug 21, 2021 3:55pm
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Post# 33745322
RE:RE:RE:RE:RE:RE:RE:Catch a falling knife
RE:RE:RE:RE:RE:RE:RE:Catch a falling knifeI have been posting since Jauary that Coeur was unable to be valued and i would not buy till teolution of Kensington permitting there was a positive record of Decision but it is can be challengede till Aug 23 ,.Without permitting Kensington has two+years.The Record of Decision was positive and chose Coeures Admendment 1 plan.Once reieved a minimum 10 year mine life ws granted.I.Acording to POA1 there would be a dam raise an secondary smaller contaiment dam ,spillways ,two waste rock dumps and a 1.7 mi haul road..
Then there was Silvertip mill expansion due a technical Report and cost.Supposedly covered by offtake financing.
At rochestor 200million in 2021 and againin 2022.
Wharf with 7 year mine life is a very mature mine but Coeur has an option from Barrick at Richmond Hills 4 mi from Wharf A past producing LAC mine that only produced two years due to acid drainage issue it has been under remediation for since 1998/2000. Coeur was granted permitting to put down 120 holes.There was full year 2020 extending and infill and in 2021 not much news.
At Palmarejo an eight year mine life but the Don Ese deposit high grade royalty free has spoiled us and is finite,
Then the Legacy leach pad a learning pad of different ores ,HPGR crushing,normal crushing,rom.,pre and post replacement of secondary crusher,and recoveries fron inter llift liner at depth and shallow parts of Pad .Crush sizes,and soft ore a first led to finesissiue..It was learning for a new 300million ton Lech Pad in 2023..This led to 56% recoveries over 5 years and a non cash loss of 8.7 million.
In the end a brand new mine ,cut the strip ratio in half and out to 2038 and well beyound.Producing 8million silver ounces and 80,000gold.
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What warned about constantlry has occurred but contrary to you cheerleading i stuck to facts..
Instead of getting teed up projections.