The recoveries for this heap leach operation seem rather low and using grades of below 1g/t. No credits as well. Costs per oz would be pretty high.
CIL would work but that would require quite a bit of capital.
At this point... i think NEX is stuck until somebody fronts up the cash.
Toll treatment should bring in 6m+ but will probably be burned by the end of the year.
Market cap 10m for their assets but no future imo... just burning investor money. Best hope is a takeover.
Ann: Commencement of Mining , page-21
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
