Post by
frances1 on Jan 07, 2022 11:08pm
Holt Mill 3000 tpd...Agnico/Kirkland
Stole this from Norsemont mines....just to see what sort of production would come from a 3000 tpd mill...."In its heyday, this 3,000 tpd ‘smaller’ mine produced about 380,000 ounces of gold at a high grade (for an open pit) of 2.23 grams per ton (g/t Au) all oxide gold (oxide is cheaper to process) from ’88-’92, nearly 100,000 ounces per year. But Larmour and company see a much, much bigger operation, and they already have the data to prove it, which will soon bring it up to NI-43-101 standards"
So the Holt mine has been upgraded to 3000 tpd and based on this grade (Moneta might be lower but could be blended to this number I think..380k ounces at say $800 an ounce profit would be roughly $300M dollars pre tax per year....Not sure what 10M ounces of gold say 20 years of production would be worth to Agnico/Kirkland. I would like to think that this will play out this year...
Comment by
frances1 on Jan 07, 2022 11:12pm
Not sure I got that right...was thinking I read 380k ounces per year....looks like it is only 100k ounces per yeaer. Just trying to figure out if the Holt complex would make sense with transporting the ore and how profitable it would be..
Comment by
SkittlyRit on Jan 10, 2022 6:54pm
It will go over 10 million ozs for sure in the RE, maybe 11. Also I think the yearly ozs will be closer to 500k than 400k in the PEA.
Comment by
bigmoneynowhamm on Jan 11, 2022 4:30pm
what doeseveryone think the new share price will get to after the PEA?
Comment by
CommodityCrow on Jan 22, 2022 12:23am
Just to add to this, if you look at the KL website they actually see the Holt Complex as a none core asset, which suggests they are trying to get rid of it. I would speculate that KL would not takeover Moneta as they have no appetite for the Holt Complex anymore. Bit pesimistic but just relaying the facts. Have held ME since 2016 and will continue to do so.