Taechang Mine - Low & High Targets at Gubong Mine, page-16

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nsw004

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05/08/17

13:52

Post #: 26311581
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Originally posted by Dingoheeler ↑

I didn't really explain that "2 year period for conventional mining per se" too well. The ore that can very easily/cheaply excavated will quickly be turned into the reserves category (that's essentially what this category is, known ounces and the economics of their production). The rest of the mine's (conventional) ore bodies can be initially categorised into inferred and indicated categories. I don't think that will be a big focus with BMV until later on in the process (1-2 years maybe).
A conventional miner might be more inclined to drill out all of the prospective wall faces and create a model where they can show the market they have X hundred thousands of ounces, raise money, JV, borrow a 100 million for a huge plant etc. That's normally the focus of feasibility studies for orthodox companies and this would take at least a couple of years to complete for a mine as immense as Gubong.
Not BMV and SAU though, @Mr Kodal. As you mention, they want this done as quick and cheaply as possible.

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Hi dingoheeler, fabulous updates from your side. I think it is time for me to buy SAU third round now , these prices are not going to be around for too long now. Checked the LT charts yday, SAU is bottoming out for the LT, these are great prices to build a position. Cheers and thanks for all the heavy lifting you are doing along with HotTrade, poolhustla and Mr Kodal. Regards ssw004

SAU Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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Taechang Mine - Low & High Targets at Gubong Mine, page-16

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