Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Newfoundland is hot right now - Sprott or no Sprott. (but yes he's there.)
quite right, CD.
Ideally, all the core is still kept in a locked shed on the property, or in a warehouse of sorts elsewhere, and so all can be accessed and re-assayed. The original drilling wasn't that long ago by the standards of these things. But for your question - of redoing a resource estimate based on a lower "modern" cut-off grade...they should be able to do that just from the numbers already derived, without having to crush more rocks in a lab.
BBG, i also like that theory, (without really knowing WTF is going on.) I think that the "Solgold must delay because we can't find a French translator" episode was the closest thing we've seen to a "wink at the camera," if you know what I mean. Cornerstone's abortive farcical attempt to split in two and issue 8 different classes of shares and warrants and 2nd class shares and warrants.... might also fit that hypothesis.
Royal Helium in Canada has successfully done the same, and there's some other private mob in Saskatchewan who also drilled non-hydrocarbon He wells.
It's funny how everyone is reading into this what they already wanted to see, but here's my go. Of course they continue moving *towards* production - there is literally nothing else to do all day! But I hope this means they will follow the wisdom of our namesake and chop this baby in half i.e. merge both co's and split them into Cascabel Resources and EquaDora the Explorer.
For sure. But also, who *has* had the best time with mining stocks in the last 5-10 years? He had big wins with solg and nexgen during the bear market (same here,) and that was enough to preserve his reputation in a great ocean of ****e.
Now you might lose face with your friends if I say that was a brilliant reference, so I wont. And also, don't listen to me, but by all means listen to Irwin. You can see he's a level-headed fellow with a high level of expertise and industry cred. Someone send him an email! Ask his opinion on XTR Racecourse. Tell him you're English and therefore you don't know what you're doing! ;-) His Commonwealth collegiality at least should get us a response. And Canadians are famously polite. He's even sometimes appeared on lse.
So what, you're gonna take your bat & ball home then?
Cool Howie...just what is an alluvial supercycle? ;-)
Why would anyone drill it extensively? It was the 27th biggest so they drilled it quite efficiently, and found out it's about the 270th best, due to the grade. Results happen.
Well surely that is indeed better than the 28th biggest deposit in Australia!
Here is Warren Irwin talking about copper exploration stocks...he's an expert everyone should listen to. (within the context of a 3 hour copper presentation full of people who know their stuff.) Just this 7 or so minutes is a great intro to copper spec gambling.
https://youtu.be/qnaxkWgs5dk?t=4647
News is around here somewhere, I saw him yesterday.
test
Werner Von Braun! Right here on the website!
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.
Short of some profound technological revolution, we will get about 1/4 way towards "Net Zero" and the whole notion will blow a head gasket. But it will make us mining speculators very rich in the meantime.
eyesblue, these are fair questions. And the answer is, we dunno.
RK, even the Conservative Party has been invaded by the body snatchers - "Net Zero! Build Back Better! You Will Own Nothing and Be Happy" - so it's hardly surprising that a South American ESG lady would be a bit Bolshie. ;-)
and those pits obviously have/had Filo grades, not XTR grades.