Post by
CobraShelby on Aug 24, 2022 10:36am
The revise 43-101 late march 2023 will beat Grasberg in Gold
So far we have 27.3 Million of ounce in all categories with about 68 km of drilling on Goldstorm at about .7g per ton , before the 2021 season . About 1.25 billion of ton
I we reach 60 km km of drilling this year plus the 30 km we did last year total of 89km of drilling since 2021 at an average of .9 ballpark due to the size of the expansion drilling we should be around 2.5 billion of tons of rock at .9 this bring us to 72.5 million ounces. in all categorie.
If my size calculation is close to the reality,
The Bing Bang may occur for a second time
Ken Konkin should not have named this the Goldstorm zone , but the King Kong zone for KK
Time will tell .
GLTA
Comment by
TudManiac on Aug 24, 2022 10:48am
they have been drilling like mad.....gotta be another 15M oz added by next year.................. be nice if they used a tiny bit of the $40M though to rectify the major concers of metallurgy, no??? If not a problem, should be cheap and easy???? GLTA!!!!!!!!!!!!!
Comment by
Jetstream1281 on Aug 24, 2022 11:04am
From the Technical Report the recommended additional testing would cost $250K. probably well worth the money. This is far from the only sulfide deposit in the world though so I'm not sure the conerns are overly huge....
Comment by
Jetstream1281 on Aug 24, 2022 11:05am
I can think of at least 40 million reasons why someone's NOT concerned about it anyway.....
Comment by
TudManiac on Aug 24, 2022 12:53pm
dont kid yourself.........lots of people very concerned................thatts part of reason why we are donw 65% from pre resource share price!!!!!!!!!!!!!!!!!!! If its no big deal, put out some news or update 43-101 with why its not a big deal............................43101 as it stands says its a big freakin deal!!!!
Comment by
Jetstream1281 on Aug 24, 2022 1:40pm
All you have to do is roast it and the problems go away Sulfides convert to elemental sulfur and all your metals are freed up. At some point the POG will make that a viable option. I don't know enough to know what that price is but my gut tells me 2300 wouldn't be far off...
Comment by
Jetstream1281 on Aug 24, 2022 1:54pm
The Marigold mine is a perfect template IMO with our reserves and MUCH higher grades it would be conceivable to produce not just a concentrate but rather dore metal on site which we could then sell. That could become the central processing facility for all the mines in the area.....for which you would then get paid.
Comment by
Jetstream1281 on Aug 24, 2022 5:29pm
They are nothing more than ideas....although certainly viable for anyone with the cash and the cojones to do it. Where I work we routinely roast high sulfide materials. In fact almost exclusively so.....it is definitely a viable option although I believe it would have to be roasted and then concentrated....at that point you may almost be better off producing Dore....
Comment by
Jetstream1281 on Aug 24, 2022 7:10pm
It was just an idea based off of Marigold's setup. The more likely option is to blend with another concentrate and send to a smelter with a roaster already (i.e. literally ANY smelter) The metals that are typically problem causers for these operations (Arsenic, Mercury, etc) are NOT present in TC rock.
Comment by
Jetstream1281 on Aug 24, 2022 7:30pm
By the way, I'm still waiting on you to refute the fact that you are a paid basher....LOL!!
Comment by
Jetstream1281 on Aug 24, 2022 8:29pm
I'll take your silence as an affirmation of what we all knew anyway...
Comment by
LonghandStrong on Aug 24, 2022 9:23pm
"justbriast" billions if tons of ore? Thats billions, with a B. What is the cost of the roaster, the double handling, the storage, the energy in, etc? Have you ever asked what burns off when you roast refractory ore? Ever asked what happens to the copper when you roast? What is the environmental impact? You may not be asking these questions but lots of people are....
Comment by
Jetstream1281 on Aug 24, 2022 10:20pm
Marigold has 3.2 million ounces in reserves with a grade of .48 g/t. We'd have 50 to 70 or more million ounces with an average grade of what.....over 1 gram/t? Maybe even better once we're through???
Comment by
cskhurasu on Aug 24, 2022 5:35pm
It is absolutely vital to solve the metallurgy problem...if it can be solved. If not, just drill until the money's gone.
Comment by
fordster on Aug 24, 2022 12:53pm
There are no concerns about metallurgy....there never has been. It's always been Konkins plans to get the target totally mapped out and then do metallurgy...you already figured out why. Huge difference on OTC/TSX earlier...TSX was up 2% and OTC was down 9%.... looks like it more equal now.
Comment by
LonghandStrong on Aug 24, 2022 9:18pm
you may not have any concerns about met, but that doesn't mean that others don't. The paragraph in the last resource estimate was not sufficient.