TSXV:OCO - Post Discussion
Post by
LongTView on May 03, 2023 10:54am
Salient Points from today's resource release
Today's press release ws informative.
Rules do not allow announcing the total ore as one sum, so the indicated and inferrered 487.3 million tons and 599.9 million tons repectively were announced. This is a total of 1.087 billion tons. And this is pit constrained, so we know it is available to be mined.
The inportance of this amount, is that over 20 years this allows a mine and mill rate of jsut over 150,000 tons per day. This is larger than many developments and attractive to a major. The calculations are below.
| 487,300,000 | Indicated | |
| 599,900,000 | Inferred | |
| 1,087,200,000 | Total | |
| 54,360,000 | Tons of ore per year |
| 151,000 | Tons of ore per day |
As the drilling has more to go, expect the mine life to exceed 20 years or the tons per day to grow.
All good news.
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