Post by
schnutzy on Feb 07, 2023 5:19pm
something to ponder
how fast and how much $$$$ will it cost to ramp down into the presquille zone, to be able to feed the mill with higher grade ore in the short term? im sure they are doing this first. if that happens , development will surely be pushed back again in the A zone with the lack of workers and manpower and whatever else. if the kiena mill runs at 4-5 grams /ton the company wont gain anything this year in terms of revenue from gold sold. its going to take a long time and lots of dollars to get to where they want to be. AISC of $1840/us for the rest of the this year and possibly next year. you cant run a 2000 ton/day mill at 4grams and expect to make money,,thats been proven. this is what dincan wanted in his last presntation,but never had a chance to to implement it. so now lets see where this goes..i will be willing to bet that the development underground will be scaled back significantly at kiena to be able to get higher grade at presquille for the time being . then go back to the underground.. just my 2 bits
Comment by
GoldBandit on Feb 07, 2023 7:09pm
How about doing a joint venture with someone to mine the presquille zone and use the proceeds to help fund getting to Kiena's 129 level? Not sure exactly how that could work, though... I'm going to put my suit or armor on now...
Comment by
snowshoedb on Feb 08, 2023 10:14am
I believe they would need at least a year of definition infill drilling before they could go after Presquille zone ore. It will be an additional area to mine in future years