RE:Permits Fredfudpucker00 wrote: I get they wanted to go bigger 10 years ago, but the permits came in 2020. Compared to a lot of smaller mines these permits are for a fair amount of tpd. Are these permits because of the high tonnage needed for the sorter?
10 Years ago they always wanted to go bigger because they can support bigger then and now. Its always been a 1500 tpd/ 95K OPY operation based off the resource. The resource is 1.2Million oz at over 6Gpt grade. They based the PEA study off this.
Its when they did the feasibility study, they brought the production number down to 45k OPY . For the feasibility study, they could only use the Reserves (tighter drill spacing) which is only about 450k oz under 5gpt. This only supports the 45k OPY. If they had the time and money back then, they could have done more infill drilling to prove up the rest of the 1.2m Oz to the reserve catagory.
This is still a 100k OPY operation all day long once they do the developmant uder groung and that along with the mill capacity is why they went for the 1500tpd. The tailings pond is right sized as well.
The ore sorter has nothing to do with the operations up to this point.
All they need is the financing at this point.
Hope it helps clear things up