Post by
CopperWave on Mar 11, 2021 5:40pm
Webinar was great and eased my worries
Asked a couple of the questions and Stephen had positive answers. Long story short, as per the webinar, the issue of calcite and CO2 emissions is about timing. The closed-loop system re-uses acid, so regardless of how many times acid is flushed through, the consumption rate remains the same. Increase in operating costs will only be related to hourly labour and power consumption (both of which are not the major source of operating costs). Ignore what metalhead said about flushing, as Stephen already said acid consumption will not change due to re-flushing.
Furthermore, as Stephen mentioned, the calcite is a FINITE resource, in other words, the mining process is a matter of WHEN and NOT will - once the calcite has been flushed out, flow rates will return to normal. GLTA, above are what I've understood to my interpretation -- I urge all of you to watch the recorded webinar. I think the market will react positively to the Q&A session tomorrow! However this is not financial advice and my thoughts only.
Comment by
rexrex on Mar 12, 2021 1:59pm
Don't fret MetalHEAD, this will pan out just fine.