" But where did the Maxwells gold evaporate to" aurifice reckons...

First 75 Last

Share
Profile

Follow
vertigo

9,999 Posts.

107

13/08/18

10:21

Post #: 34892400
Share

Originally posted by trtkjd1 ↑

Mal Maxwells is a real eye opener , if it had gone figures you were quoted , I was quoted 15 by GC .Then things for MCO would have been entirely different , just as if Stacpools had grade factored up for AUL . But where did the Maxwells gold evaporate to . Almost inconceivable that the drill results from Maxwells amounted to near Zip at the Mill . No Grade factoring there other than a huge Downgrade . However it seems to be that most of the vic Goldie’s under modern mining methods have suffered downgrading from historical production figures . Bendigo was 16 grams historical went around 4 and proved unprofitable despite huge sums of money on it . Ballarat was 11 yet got around 3-4 despite hundreds of millions thrown at it . A1 20 yet going around 5 . So to me grade factoring is dead with modern mining . As you said only works on hand sorted ore . What would be great to know is the waste ratio of these old mines to processed ore . You may well find for Many it may have been 3-6 tonnes of waste to one of ore which would explain the current low grades . ( not that we know what MCO ,s was due to lack of transparency and information. ) Aul holders can still believe that other factors are at play for there lack of info .

Expand

" But where did the Maxwells gold evaporate to"

aurifice reckons it went into the nooks and crannies of the processing plant.

AUL Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

HAW

Yangibana 33% complete says Hastings, as it provides clarification on funding

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RBL

Recce scores $6.75M R&D rebate

DLM

Biome reaches intellectual property milestone in strain development program

There are more pages in this discussion • 32 more messages in this thread...

First 75 Last

Add AUL (ASX) to my watchlist

" But where did the Maxwells gold evaporate to" aurifice reckons...

Top Stories

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

Yangibana 33% complete says Hastings, as it provides clarification on funding

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Recce scores $6.75M R&D rebate

Biome reaches intellectual property milestone in strain development program