RE:RE:RE:Details Details Yes, apples to oranges. Here is another basket:
Seabridge KSM recoveries from their technical report:
"Copper and gold flotation recoveries will vary with changes in head grade and mineralogy. The LOM average copper and gold recoveries to the concentrate and dor are projected to be 80.2% and 71.7%, respectively, for the LOM mill feed containing 0.64 g/t gold and 0.14% copper. As projected from the testwork, the cyanidation circuit will increase the overall gold recovery to a range of 60% to 79%, depending on gold and copper head grades."
Somehow, KSM is projected to be profitable with gold recoveries of 71.7% with a mill feed grade of 0.64 g/t Au and .014% Cu. The best thing going for them is the LOM strip ratio of 1.05, which is pretty decent.
If Goldstorm has similar results, then I will drop this project as an investment. However, it is pretty clear that the eventual reserve numbers could have double the recoverable grades of KSM.
Another note, is that while the LOM strip ratio of KSM is pretty good at 1.05, I don't think that accounts for the MTT tunnelling. If the tunnelling costs were considered a subset of the strip waste rock, that figure would be far, far, different.
cskhurasu wrote: You are comparing apples and oranges. KSM has a strip ratio of 0.5/1.0mi the early years and the gold and copper are recovered with simple, conventional methods.