RE: Not too shabby today!5 May 2023 09:00
Myself and Zoros have had previous disagreements about Solg and I will not be investing in them . I just can’t see those high numbers being achieved.
Going back to my comparison of Havieron and Cadia production
Cadias 35mt pa production and Havieron 3mt production, the revenues at Havieron will only be slightly less
Comparing it with Solg is difficult as most is open pit
They’re suggesting 25mt pa
At that rate Havieron 3mt revenue will be higher
This is a bit from Solg
“It is noteworthy that the OP and UG optimised shapes are not described as "mineable shapes". Mining factors excluded from this analysis include, but are not limited to, capital costs (non-mining, access and footprint establishment), regional pillars, footprint geometries, unplanned dilution and the time value of money. However, the shape does enclose a contiguous and appropriately diluted Mineral Resource that, by virtue of its grade and geometry, should be considered for inclusion within a mineable shape. As such, the QP considers that the underground portion of the reported Mineral Resource, has reasonable prospects for eventual economic extraction by the block cave underground mining method at the specified cut-off grade.
An assessment of whether the project as a whole is economically viable has not been made under this analysis.”
Havieron has a beautiful vertical ore body and around 300,000m of drilling to achieve a resource of high grade with high cut offs and the estimation boundaries are hard , defined by the drilling.
Solg is all over the place, dilution will be high, 30,000m of drilling have defined soft boundaries with low cut offs not defined by drilling and low grades
There’s no comparison between Solg and Havieron resources it’s like chalk and cheese
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