Meridian Mining UK Societas T.MNO

Simple Open Pits

[palfryville]

For anyone who needs a break from depressing SP pressure, I came across this interesting thread on Twitter which steps through important considerations with respect to open pit optimization.  Its very simple purposely to get across the concepts surrounding shallow vs deep resources, concepts which Gilbert repeatedly refers to in Trevor's Podcasts.  I hope some of you will find it interesting:

Open Pit Optimization - Click Here

[TradesInc]

Great Post Palfry. Now let's Start Digging The Cabasal Pit and Let's Start Squeezing The F ck Out Of Whoever Is Shorting Our MNO Stock. Have A Great Long Weekend Everyone!! IGWT.

[palfryville]

Trades, the thread explained things in simple enough terms that even I can understand and goes a good way to show why our HG Au overprint starting very shallow, got Gilbert and Co so excited. The headline grades may look meh but when you calculate them in the context of an open pit resource it all starts adding up beautifully...

[killr]

got my fills last week....45k @ 52...looks like the bottom is in @.52 ...but hey only the algorisms know

[brazil2]

I have been thinking the same thing, I actually told my brother earlier today that it probably hit bottom

[pokinfun]

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[TradesInc]

Hey Pokin. Yup I'll Take That Bet. $100.00 ? 

[pokinfun]

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[pokinfun]

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[killr]

Hey Pokinfun....whats BYN's alert BUY at?

[pokinfun]

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[pokinfun]

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[pokinfun]

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[killr]

well.....that's all summer that there has been no support on the bids.....makes ya wonder what August will bring....but so far it looks like more of the same....forget the youtubes Gilly....they only work when you actually have bid support along with the promotion...... IMO

[Silverado1]

Well said Killr !!!!!

[randys1]

F@#$@#$@$@#$#ck   lol.    Who keeps selling..    We have a good project and eventually it will go contrary to all the nay sayers..  But wow this has been a tough 6 months..   

[pokinfun]

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[pokinfun]

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