RE:RE:RE:RE:RE:RE:KSM gold recovery rates?We probably don't have to worry about how long any longer. Konkin has verbally committed to a PEA within a year. I assume, they will focus all their drilling this year to define the "heart" of the deposit. A PEA is likely to follow even if they don't accomplish this.
Larry60 wrote: How many more years you think needed to find the heart of the deposit???
How do you think this years exporation program will compare to last years? I think they spend around $22M last year. They had about $7M in bank at befining of this year?
As for PEAs??? Usually not the paper theyre written on. But it is a starting point and an opporutniyht to flesh out some of the things you noted eg metallurgy. Given it wouldve been about 2% of their budget last year, I see no downside. Just my opinion
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rockport1 wrote: Personally, I'm happy with Konkin's approach. I don't think he is chasing ounces just to chase ounces. He is attempting to find the heart of the deposit, so they can upgrade the quality of the deposit, which then allows them to outline the mine infrastructure plan. If they don't do this first, they are just wasting the cost of the PEA, because it the eventual plan will change significantly.
They can still work on some aspects concurrently in preparation for a PEA, such as advancing the metallurgy that some are calling for.
Larry60 wrote: rockport,
youre right that its based on proven and probale reserves, not indicated resource. A maassive difference that pumpers luv to ignore.
on TC, id just like to see a viable reserve and mine plan. I dont need 100M oz.............weve got enought to work with already. Would luv to see high grade but time to stop chasing it year after year...................it can come later in due time.
rockport1 wrote: The 36 million are mineable recovered ounces from proven and probable reserves. Plus Seabridge does not put all the KSM resources into the initial PFS, splitting a lot out for a latter stage development. So the total resource is much, much higher. Sorry, too lazy to look it up.
Goldstorm has a long way to go to reach the KSM numbers. If Perfectstorm and maybe CBS also become sizable deposits, then yes, perhaps Treaty Creek will surpass the KSM ounces. However, I would guess that would be a decade before we find out.
fordster wrote: Only 36 million oz for Seabridge? Oh...we're so going to pass that number by the time where done.