RE: Where oh where...27 May 2021 01:19
Red Cloud think these were "excellent" drill results??? What superlatives do they have left for Warintza or Filo??? Rooly trooly excellent? If these were from a stand-alone deposit they would be considered disappointing drill results, not excellent. When it's a dark-brown-brownfields location (this was condemnation drilling after all,) then the numbers are probably pretty good news I suppose. I mean, it's not a small find...it will surely add big numbers to the Cascabel resources, (if, perhaps, not the reserves.)
Seeing as a F***-off-big copper/gold processing complex is going to be built right there (right ontop of the find, if not for this drilling!) then the economics for TAM are in a very forgiving category. All the plant & infrastructure was gonna be built for Alpala anyhow, so the added expense for TAM is just a (quite big ) pre-strip. But...if you're gonna bother developing TAM at all, (pre-2525, if man is still alive,) then you would have to revise the planned processing plant throughput. You don't spend (lots) on the pre-strip and workforce and mobile plant etc just in order to operate an open pit for 3-4 years while waiting for the Alpala shaft and cave to be built. No...you'd would have to rejig the economic planning and the process plant size so as to accommodate the Alpala high-grade optimal rate, PLUS the ongoing TAM open pit production. Maybe that's a good problem to have...I'm just having a think.