Does RNX already have a mine plan currently working from it Excellent post yesterday from @Huntore on CEO.ca:
« There have been a few if not many comments that have been posted here that try to imply the company does not have a mining plan because it has not been presented in a news release. I believe they do have a mine plan completed currently and are working from it objectively.
Mining from multiple headings has been stated as a goal to prevent a shortage of working areas to mine. There has been information released that describe a goal of 2 headings currently and another 6 eventually developed over time for Beta Hunt. With operations currently underway at Baloo and another open pit opportunity already in line for mining will add to the multiple headings available at Beta Hunt mine. Plus permitting for Baloo 2 is in the works.
With bulk mining being prepared for the Western Flanks and vein mining in the A Zone ore-body in the works this too would not be happening without a plan that has engineers engaged and contributing to their efforts to get the mining into full production.
So I am going with the assumption that they are working from a plan currently, regardless of it not being released to the shareholders for review. This plan will help reduce costs, reduce delays in the mining development and help with the synergy between the two operations when it comes to maintaining the mill feed throughput. This also can aid them when deciding to concentrate their mining in one direction or another. They may need to recover higher grade ore for milling to increase cash flow or concentrate more development on a drift to stay ahead of production. In other words with the drilling information that was collected over the last 6 to 8 months opens up multiple options for the managing of schedules, equipment and a host of other production related intricacies.
Like for instance:
1. Maintaining development openings and drifts well ahead of stope production.
2. Predicting dilution and taking measures required to contain it.
3. Stope sequencing to avoid production delays.
4.The stockpiling of ore.
5. Scheduling mine production to accommodate quality and throughput requirements.
6. Extra support of openings when and where required.
7. Being able to blast out of sequence if it is required.
8. Ensure the availability of spare equipment to maintain production levels.
9. Optimize the use of alternative drifts and ore passes to maintain progress.
The Huet/Sloan team will have a host of many responsibilities to oversee as well:
The development of annual and life of mine forecasts including development of future mine plans, mine designs, schedules and production forecasts to effectively support operations while meeting corporate objectives and shareholder expectations.
Integrate long term infrastructure requirements, construction, and maintenance into overall mine plans; in one interview Sloan spoke of 10 to 15 years of mining.
Ensure coordination with the other mine site to achieve good integration of the two operations.
Take charge of mining production, operating and capital budgets to meet the guidance that has been projected.
Effectively communicate with all the management involved to make the best possible decisions to mitigate risk to operations and shareholders.
Provide support to mine operations, construction and all the related services (contractors) to achieve short and long-term objectives.
Development of mid and end-of-year mineral reserves on an ongoing basis of cooperation with the geologists. Drilling will be ongoing to identify more opportunities to extend operations.
Having these opportunities to make value judgments will help manage risks as they move forward in the developing and producing in the Beta Hunt mine as well as the open pit opportunities available from the acquisition of the Higginsville land package.
One of the primary objectives behind the 2018/2019 drill program I believe, has been to pull together data from previous drilling campaigns, and to combine this with the new data from 2018/2019 campaign, and then to pull all the data together into one interpretation of what they have at Beta Hunt. The compiling of data from the Higginsville operation is also underway.
This choice to implement a large drilling program has created some consequences related to certain aspects from a business perspective that have been unpopular. But I do believe it was the proper course of action that needed to be taken if this is to be a mining operation with a very long life span.
Having all this information squeezed into a mine plan will give them the advantage to maximize value when they implement the plan effectively and that I believe is where the many years of mining experience of Huet and Sloan will be tested here. I do look forward to reviewing the progress over the coming quarters of reporting; plus the eventual release of the Reserve estimate for Beta Hunt - (600k to 700k) and the mine plan to open new points of discussion here.
All the bickering has gotten way out of hand. »