5 men sitting in a bar: Mr. Wenger, Mr. Mourinho, Mr. Rodgers, Mr. Moyes and Mr. Martinez..... The first round of beers was on Mourinho, he bought a portugese beer to each of the others. The second round was on Martinez, he bought everybody a San Miguel. The third round was on Wenger, he bougt everybody a glass of red wine. The fourth round was on Rodgers, he bought a pint to the guys, except for Moyes. Then Mr. Moyes said; Hey guys what about my pint...??? Rodgers looked at him and said; Sorry David, this is the fourth round, and you are NOT in it..
Sorry for the delay in response, been busy.. I was referring to exploration.. I am aware that the test results are due, if they are good then the SP will rise and then fall back due to delays in exploration.( unless very good). If poor/average then there will be a drop. Better to wait and see and delete the risk and probably get the same entry point if not better.. A delay of test results for a couple of months would give more progressive continuity and support the SP.. IMO...S1.
I like this bit, Many mining projects have both low-grade and high-grade zones. When prices fall, a company can mine the richer ore and still make money. It may sound shortsighted, but it can be the right thing to do to stay profitable and be able to survive in a temporarily weak price environment.
But high-grading, as it's called, can make low-grade ore part of a disappearing act. Here's how:
When metals prices are low and companies focus on high-grade ore, the low-grade material is temporarily bypassed. It's still physically there, so one might assume the company will come back at a later time to mine it. But not only is it not economic at lower metals prices, it may never get mined at all.
That's because some low-grade ore only "works" when it's mixed with high-grade ore. Even when gold moves back up, it doesn't matter, because the high-grade ore is gone. So it's not just gone legally, as per regulatory definitions of mining reserves—it may be economically gone for good.
Miners could return to some of these zones in a very high gold price environment (something well north of $2,000), but that's a concern for another day. The point for now is that many of today's low-grade zones would be written off if the high-grade they need to work is gone.
Any dates for actually mining the stuff at deli Jovan. In since mvc days and talk was that mining at deli jovan would be in the near term - Any dates quoted ?? Or are they concentrating on getting resource estimate ???
Ed Slowey, Chief Executive of Orogen, commented: "The assay results from the Gindusa West shallow drilling programme in Serbia confirm that the high grade gold-bearing veins located by trenching at surface can be traced to depth. The assay results will be analysed over the coming weeks to determine the continuity and shallow resource potential of the system at Gindusa West as well as the deeper potential in the vicinity of the old Gindusa mine.
Did ORE not have to spend another C$2M by the end of December 2013 to achieve the 75% earn in with Reservoir CapitaI for the Deli Jovan project? I would have thought an RNS would be issued to confirm or have I missed this.
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