I am referring to prospectivity, not feasibility studies.
When mining massive sulphides, Radio Hill was a profitable operation.
Whundo had very high grades of copper, the mineral resource was 32,000 tonnes @ 5.3% copper and 8% zinc for a contained metal content of 1,700 tonnes of copper and 2,560 tonnes of zinc. The maiden shipment carried 728 tonnes of unhedged copper metal in concentrate valued at A$7 million - that was at 2005 prices.
Down the road silver was mined by East Coast and Legend Mining from the Elizabeth Hill underground mine between 1998 and 2000. 16,800 tonnes of ore grading 2,100 g/t silver (70 oz/t) was mined to produce 1,170,000 ounces of silver.
In conclusion, mineral deposits that have been economically viable have been found within FXR and neighbouring tenements. Regionally the ground categoried as highly prospective.
val, it sounds to me like you have little to no knowledge of mining, geology or exploration. If you did we wouldnt be having this conversation.
FXR Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held