RESERVOIR MINERALS INC V.RMC

PEA error?

[evestor]

From the PEA: "DSO only processing rate of 0.6 Mtpa for 3.5 years resulting in total production of 248 kt Cu and 649 koz Au. Phase 2 Main Mine processing rate of 2 Mtpa resulting in an additional total production of 507 kt Cu and 184 koz Au (mine gate figures). DSO material of 1.91 Mt, mined at an average grade of 13.0% Cu and 10.6g/t Au and Phase 2 Main Mine material mined at average grade of 4.6% Cu and 2.9 g/t Au." Phase 2 Main Mine will process 13.3 Mt material, the grade is 2.9 g/t Au and total Au is roughly 1.2 million oz. Only 184 koz gold will be produced that's a recovery rate of 15%. Why the Au recovery rate is so low?

[Demon11]

Yes Eriteria is unstrable along with just about every other country that isn't w a western democracy - but it is desperate for investment and understands the golden goose theory. In terms of what NSU is owed you are in the wrong business in terms of investing and finance if you really believe $5M or $34 M is a big deal - its small potatoes  in relation to the risk and total investment .

[santee]

Very good advise, to those loosing sleep at  this stage of developement, move on find a better deal that supplied the return like on RMC. Let me know where it is I would appreciat that info. But as is, I will stand pat.. It aint over . Take whatever helps you sleep, have a bit more patience.   ...

[rob926]

I agree more patience is needed. We are a long way from having to build a mine. We need to drill a lot of holes to prove up a BFS. In doing so we should prove out a huge porphyry in the process and get a big valuation for it since we are not getting any now. The last porphyry hole drilled ended in 3.47% CuEq. That grade is more like high grade than porphyry grade. To bad they didn't keep