just doing some reading on this potential open cut
nice resources
https://www.rtgmining.com/themencod...content/uploads/2016-07-ResourcesReserves.pdf
In May, RTG Mining said the Mabilo project can support a “high-grade, low-cost” gold-copper mine that pays back in two and a half years.
The West Australia-based company said Mabilo was tagged with an after-tax net present value of $126.7 million or some P6 billion, with a mine life of 10 years.
Indicated mineral resource (with sufficient existing data to reasonably assume geological and mineralization continuity) was pegged at 8.86 million tons containing 577,600 ounces of gold, and 169,800 tons of copper.
The Mabilo project is held in joint venture by Mt. Labo Exploration and Development Corp. and Galeo Equipment and Mining Co. Inc., with RTG holding an indirect interest through Mt. Labo.
The Mabilo project, with its near-surface deposit, is described as having a potential for direct shipping of ore in the early years of operation.
source 2016: http://business.inquirer.net/211876/mabilo-gold-copper-project-gets-clearance-from-mbg
there was a comment that:
Environment Secretary Regina Lopez has, however, reiterated her aversion to open-pit mining,
one day perhaps
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just doing some reading on this potential open cut nice...
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