Further on Skaergaard for ALL to consider
FFirst of all check the company repirt history and pull out the SCOPING STUDY announced to the ASX in September 2013
Combine it with previous reports by indeoendent consultants and you emerge with a few basic facts such as
Overal resource size based several million dollars worth of drilling. Gold 10 mill ozs. Palladium 30 million ozs
Ore body distinctive, stratigraphic. Vusually identifiable in overlying strata. Uniform reef over the strike.
Access coastal. Orebody outcropping then sloping gently over the strike. U cld open pit at start and work your way down, drive a truck through it, have a basic plant near the opening underground so workable continuosly year round.
Metallurgy free milling, gravity separation. Can produce dore on sight and fly out to nearby Iceland for cheap processing using geothermal energy available. Iceland was going to supply Greenland with such per sea cable. May have already happened. Serious impact on SS operation cost reduction.
SS zeroed in on JORCed portion 6 mill ozs Gold plus 9 mill ozs Palladium. For all intensive purposes now that Pd has reached Golds price, u can say JORC 15 MILL OZS PMS at around 2.5 g/t effectively open pittable start, tho there was talj of defining a 4+ g/t higher grade core with further drilling for PFS etc once metal prices recovered. Well geeez check out the metal price 'recovery" now. And no allowing for the Vanadium content of Skaergaard which Hot Rock knows is substantial. But lets KISS first without straining our brains.
How many 15 mill oz JORC deposits within a 40 mill oz orebody likely do you know left in this world undeveloped ?
Time is right is now and Jesse Livermore would be all over this like a big rash if he was still around.
Unless all this work between 2009 and 2013 was BS, the study exists and the spreadheets would have been looked at and considered just under critical mass of viability in 2013.
Wonder what that spreadsheet looks like now IN AUD? Anyone interested?
So here we are with usd 50 BILLION bucks IGV, ABOUT 20 BILLION BUCKS worth already JORCED, and we need a new project to define us???? Is that what I read in one report???? Who is from another planet Teddy?
Well geeez, we HAVE the billion dollar company maker project already in hand and advanced too. And market is telling us cut the crap and start doing it justice to it.
Big job for a new guy inexperienced in this thinking to quickly have to come to terms with but hey, thats how you become a Friedland if you have the vision and cut it.
Obvious Qs requiring serious answers in light of current market for its prime constituents. The rest IS MINOR for small thinkers.
RRead the SS and the previous stuff on the Ice Queen from 2009 to 2013 and lets start a serious conversation. I made a packet on PGM phase 1 with Skaergaard and am wondering why the delay for phase 2? Arent you?
Opinion
