AB and others seem happy with those figures but wish to do more sampling for a quick re-treatment - not sure whether they missed a k infront of the g - which would make me smile.
There must be a bigger picture that we are not fully aware of - the management appear to be focused upon early completion of the plant in order we can begin with revenue - our off take terms do not stop us selling to other customers so we should have revenue together with debt repayment from the outset. Keep the faith brothers.
I was also less than excited with the Ester Au and Ag numbers so far, but I assume they expect the resource to increase with further exploration. 4.7gms/tonne doesn't seem huge as the best sample result, but if the average is enough and in sufficient quantity, then it may become workable, particularly since we seem to be dealing with tailings again. I'm not too conversant with Tin and Tungsten but I did notice that both are roughly as valuable as Vanadium, so I don't think $100k is too much to earmark for the project on the chance of it turning up something worthwhile in future. Just as long as it remains a minor sideshow until Kabwe is implemented.
Been reading over the recent Ester RNS. Looking at the levels of metals in the dumps I'm struggling to understand how they are that valuable to us. I'm assuming that G/T means grams per tonne of waste. If you take the silver content: Silvieras - 2.6 g/t = $1.5$/t Drave - 1.2 g/t = cents 70/t Regoufe North - 46 g/t = $27/t Regoufe Mine - 20g/t = $12/t Interchange -11 g/t = $6.5/t I don't know how much it costs to extract from a tonne of waste, much less the cost of building a plant, but these returns don't sound like a lot to me. Unless I'm completely reading it wrong which is a strong possibility. Anyone any thoughts on this. For example the processing costs per tonne
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