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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Offers & Heap Leach
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Post by hoosier1 on Oct 03, 2012 8:01pm

Offers & Heap Leach

Relative to comments about offers... I again do not think an offer has ever been made to OLE... at least not an official offer... otherwise that is a material even and would have to be disclosed... but again, OLE does seem to play by different rules...maybe the good & bad of the TSX.V & OTCBB

Re: Heap Leach... I am not aware of any gold firm starting heap leach process ahead of their primary mining operation... reason, as I understand it, is that heap leaching is at its most beneficial when it is used to extract more gold from what would have been waste tonnage from the regular mining operation... I could be wrong, but putting heap leaching first could be more problematic if the "bulk" gold wasn't removed first. 

In other words, it is efficient & cost effective for getting smaller minute traces out of the waste, but not the best & most efficient way to get the higher grades out of the tonnage... i think

h1

Comment by Capharnaum on Oct 03, 2012 11:32pm
Check Silvercorp (SVM), they built a heap leach operation and now with the cashflow they're building a conventional mine. Small producer but still good story.
Comment by Capharnaum on Oct 04, 2012 12:51am
Sorry I put the wrong co there, check Silvercrest (SVL) in Mexico for a heap leach development model producing gold.
Comment by hoosier1 on Oct 04, 2012 9:14am
I stand corrected, Cap... Thanks... h1
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