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Has anyone sent this to Shane Jones ? Shane.Jones@parliament.govt.nz
The quarterly sounds promising - digitised survey, a fan, and some more extension cords - this puppy is ready to go - EXCEPT for DoC - how long is a piece of string?
DISCL holding and hoping, and potentially looking to buy some more.
Feels very close now - though Im just a confused investor
And coincidental timing that Matt Hill stuff all put to bed.
Thinking out loud. Would they need to go through another consenting process for the processing plant if they have only now found a 'suitable' site?
What are they going to do with the washed material etc
Only asking because of all of my mining experience from watching Gold Rush over the last decade.
Looking at the size of these shafts. How do you mine
to achieve economies of scale. I. E how many 10 tonne truck loads can be extracted on a daily basis.
Spent $460K in the quarter, got $1,124K left. Plus the credit line.
And re the decision timing, maybe the pre and post election period were always going to be difficult times to seek an environmentally controversional decision in.
It's quartz vein mining so you don't.
Most likely diamond saw around the vein extracting as little rock as possible.
The company has spoken about creating a high grade concentrate underground and then that gets shipped off for processing at another company's plant.
In theory it should involve very little Capex, but will never be large scale, however with little or no Capex and hopefully reasonable mining costs they wont need to extract much at the current gold price to make a few million at least a year.
If they can clear a margin of $1000, per ounce just based on a mere 5,000 ounces that's $5M p.a clear. I suspect they can operate cheaper than that, but who knows how much gold they will be able to extract, hopefully more than 5,000 ounce p.a.
Well that's my guesstimate on what they will be doing. As you know there is very little detail to go on.
My biggest concern is the processing underground. Again I'm making a assumption that there is going to be lots of vibration & dust, so this is why I have always highlighted health & safety.
It will be interesting to see what Terra Firma has come up with in regards the process to create the concentrate.