A40 0.00% 8.2¢ alliance mineral assets limited

As I explained in my last post, those drill holes could not...

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    As I explained in my last post, those drill holes could not possibly have been from tailings because the tailings dam is very difficult for a drill rig to access and if you were only taking drill samples from a tailings dam (max depth 12m) why would you carry on drilling under it (the tailings dam was built on top of barren ground)


    In terms of half truths let us see a daily log sheet or a monthly production spreadsheet, showing basic plant production data. If the DMS was running at 240 tph, as they claim, for 85% of the time, theyd be producing over 20kt of saleable spod per month. We know that they haven;t gotten even half of that yet. 54kt in the 6 months Jul 1-Dec 31, which is too low to be economic. You cannot change those basic, facts. Another thing that Mr Turner might address is the quality of ore reporting to the crushing plant and the quality reporting to waste. The miner knows that he gets paid a higher amount for sending ore to the crushing plant, so will attempt to do so, even with sub-economic grade ore. A tightly run operation will appoint a geologist to go into the pit and closely supervise the excavation of the ore, according to the cut off grade, feed envelope. The samples of selected ore has to be treated immediately, in the on-site lab to corroborate the expected feed grade. Sending low grade ore to the plant deeply affects the economics of a marginal operation, such as this.

 
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