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Myosotis
Thanks, however I did review these reports when they were issued.
In reality, many engineers could write a thousand pages without any real pertinent detail.
I would just suggest that you think about how they are going to deliver world beating continuous miner and drill and blast performance from so few working places underground.
If people would rather not have the truth then I will refrain from posting and leave everyone to continue to speculate and try to grasp at straws.
LTM
(p.s. only allowed a short note on here and a summary is much more challenging that a long winded report).
Myosotis
Of course it is only my opinion, I am not seeking to speak the truth and certainly not attempting to be arrogant - but how can you be so confident in the technical reports published within the information issued by to company?
I guess many years of real experience doesnt counts for a lot these days - so I may be wrong, but there are many reasons why I may also be attempting to give the alternative viewpoint.
On cuttability, do you see any references to specific energy testwork in the SRK report.....and why do you think they shifted from a fully continuous miner proposal to one with drill and blast as well. Machine manufacturers are very good at selling machines after all.
A room and pillar layout with 16m wide rooms as presented will not stand up at 1,500m - no matter how much computer modelling work has been undertaken. But hey, what do I know.
There are no equivalent references in the world today producing the annual output that Sirius is aiming to deliver upon. That should, as a minimum, raise some questions about the ability to meet these annual targets - which after all are the key to financial returns to shareholders.
Anyway, as I've already been told elsewhere today on this forum, I should take my pick and shovel and disappear off back down a dark hole as clearly members are not very keen on anything that suggests something different to the Sirius messaging.
Thanks
LTM
Longtermminer - you speak a lot of sense. As a former miner myself, there are numerous questions that come out of the technical reports. However, the LTH's hear what they want to hear and see what they want to see.
The crews must sense that maybe there is hope of a positive outcome as a few have been planted on here today so it's a positive thing in effect.
Gold
Please share the concerns, don’t keep them to yourself
Longtermminer,
I must say I have said things on here similar to yourself, I agree getting to the poly is the biggest challange to date, getting the poly out is another entirely different problem. We cut and blast at Boulby and have other technique were developing which seems to be productive, we have 4 developed production districts and were struggling to get 70,000t per month. Support work is a slow process, were looking to mesh the roof at the same time as the primary supports are set. Please note I'm not a "deramper" I just know how hard poly is to work with, I Also know how much ICL not Boulby gets for a ton of minnies and it's a lot more than I've seen anyone quote on here.
LTM how long were you at Amec?
At the 11th hour they nuked the planning permission , and after how many years you arrive at the 23rd hour!
The equipment is in the ground AND NOW YOU RAISE THE DANGERS?
Why haven't you raised this earlier? I could not live myself (though I do unfortunately) if I just sat on information that 16m rooms were going to kill everyone in there when they collapse!
The bit that really makes me angry is you doing the Amec challenge about potash prices being questionable.
What does a mining engineer know about fertiliser? ICL claimed there was no market for polysulphate to help Amec's treachery, perhaps you worked for them instead?
Poly!!!
Mate, where have you been?
Hiding yersen under a bushell... you are too coy.
Anyhow good you’ve overcome your shyness.
Please share your insights
Aubrey are you a forester?
Not hiding my buddy just optimistically waiting for some good news, as the rest of you,
Nope, I do not manage forests.
Gold, we have had a decade of not hearing miner's concerns! Where were they?
And now they appear with a handful of posts between them?
How many experts do they have in the companies that have completed "awesome" work , according to the Express?
Multi-million quid concerns might just employ the best don't you think? And the best are not up to two random miners?
Strabag might call them minors!
lot of newbies on here tonight agreeing with each other , oh diddums i am not a deramper i am a saddo , i feel so sorry for the long termers have you all seen what happened to Thomas Cook , I don`t know how SXX is going to get billions out of the GOVT , take no notice of any of these idiots , SXX is in talks with the GOVT not to get bale out but to guarantee bank loans , the bonds were not the way to go but loans with the banks is . check the numties history or the time they opened an account , you will get the jist .GLA
Interesting insight thank you, I would like to hear more comments like these from other mining professionals. Specifically, if you were to take this project on at this stage, what valuation (if any) would get someone interested. Or is it back to your point on the construction and commodity risks being untenable for other mining companies?
And there's a few knob ends on here who I Bet has never even seen Poly but know everything about it because they have read a leaflet, I've been buying SM shares for over 3 and a half years, probably longer than most on here so your not in a position to judge,
Mr JimV , not so fast with charging others as numpties /who said only a few months that at 15p SXX was 'as cheap as chips'
Mind your language pm2 we have quite a few lady investors here ! I actually think you may, repeat may not be a basher so not all of us are "judging" you at all , from memory you were very quick to get a bit touchy in your first few posts ??? hence a few more here questioned your intentions !
If you are to be or even want to be of any value here maybe you could start by flicking that chip off your shoulder
Ah modsto there you are , how about answering my question from earlier ???
Fair play, I apogise to any ladies who I might have offended, But I do know about mining poly and how hard it is to handle, it seems whenever anyone says how hard going it is there's a few keep to get personal, I've been a miner for 35 years and I've seen alor of things, poly for allot or reasons is far the most challenging.
Just wondering how many investors on here know what Additional Mining Procedures are and how if affects production ?
Poly...
You write this
‘ the projected production figures are unachievable the tunnel is to ambitious and expensive, then theres a very good chance the project cost will spiral out of control, they always do‘
But also claim to have invested your daughters cash in here...,
Seems to be alot of new posters turned up on here today (strangely 2 or 3 have similar usernames with the word 'poly' in them) and low and behold they claim to be extremely knowledgeable in everything from finance to tunnels to mining poly, they have had years and years to pop on here to voice their concerns but just so happened to altogether decide to sign up today out of the goodness of their hearts to save investors from losing money, it doesn't add up does it, i'l leave fellow LTH's to make their own conclusions on these posters.
OK poly so maybe you could be useful after all so start telling us why you invested when it's going to be so hard to "cut" it out ? just that one thing that seems to conflict ? so maybe why "some" here struggled to see your intentions above board ? we here have always heard that you equipment is lets say ,a little past it ? and given that we are using the latest technology and that ICL are not in our good books , we have always felt a little superior !
Poly/many.
I see what you are doing there lol
PolyMiner
As a poly miner. Are the technique the same as SM are going to use
The machine
The way you get it up and out of the mine !
JohnSmith
You must qualify for the highest award for loaded questions that I have ever seen. So transparent and the way you work with the other of your kind.
Perhaps try to be subtle?
Max