RE:RE:Listen to reality "Iluv,
I just got done carefully listening to the Crux interview and as someone who has not been drinking the Koolaid you and others have been feeding people here , This is my thoughs on the interview.
First thing I noticed is no estimated dates were given as to when the open pit would begin mining. As a matter of fact I didn't here any approximate dates for any production from any deposit.
In general -There is a lot of work to do everywhere. Even to get the first asset the Barry open pit up and running at approximately 30K ounces annually. The one statement in the entire interview whcih caught my attention and best explains the "Next great Canadian Gold" as Stupid likes to call it was Barry, Gladiator and Moroy were "Complex Deposits". Which is why everyone who's mined these deposits previously couldn't do it for a profit. As MAP said right at the end of the interview they may need to use different mining methods depending on the vein structure. You goof balls blamed the Streaming deal but in reality the previous management teams didn't understan the vein systems or the underground geology. Even if they do get the people in who can do it. It's still going to be a difficult mining process.
Tannin, you can kiss Gladiator good by for a number of years. The resason they need the decline is so they can drill, not mine. Gladiator was called an "Early Stage Exploration" site. They aren't even supposed to get the decline ramp started until sometine in 2023 and if I heard right will take 6-12 months to complete. WHich means no underground drilling until 2024. Drilling from barges just wasn't cutting it. Way to go Pascal.
It looks like they are now going to do an Underground Bulk sample at Barry. Well glory be, I had this same interviewer ask Pascal why no Bulk sample at Barry and his response was "New Management team". Again way to go Pascal.
PAE on Barry Open Pit due in the next couple months followed by PFS which will take 6 months to complete. So at a minimum Barry is 8 months from mining but to be realistic the Canadian winters aren't the best time to start open pit mining operations over frozen roads. So lets just say maybe sometime next summer. Somewhere in that timeframe they need to upgrade the mill to 1200 TPD for 4-5 million. Not to mention either pay Sandstorm a fee to reduce the NSR or give Sandstorm 4.9% of the gold from those 30,000 ounces (1470 ounces).
Finally, the 3 year mess that is the Mill and Tailings expansion. As I stated a couple days ago it's not the mill expansion that is a problem. It's the Tailing storage facility. It looks like instead of raising the current tailings dam they are wanting to expand it. Whch bring into concideration envionmental impact studies. As I said the acids used to seperate the gold from the rocks is hazadous to both land and aquatic life forms. So tearing up more land to accommidate the storage facility need to looked at carefully. If it leaks mining permits can be pulled.
In closing, like the beginning...a long way to go here. Even before they get to 30,000 ounces per year. As for Gladiator, a minimum of 3 years. "
Fruit, well said.
T