Time for Dunphy&1manband to get to work!
I have a mining question for you two (blame gitreal for referencing you in a PM). There exists the mining scam TRII. It came to market claiming to have 4000 MTs of 40 oz/MT just laying around above ground from the previous mine owner. Also 16000 MT of 38 oz/MT material - just needing a little more fine grounding. Well, 1.5 yrs later, and no revenue. Late last year an outside firm was hired in to oversee assaying. Also the sudden need to set up a mill to concentrate.
What I believed happened is the wonderful 40, and 38 oz/MT material is really 8-10 oz/MT at best. Which sort of places claims of having a mega load of 10 oz/MT material in some heap pile also in question.
Given we have a hobby horse mining operation. Where their currently detached new? centrifuge for concentrating (no mention of holding tanks) appears to be about 50 gal in size. The question for you mining experts would be: What is the cut off point in silver oz/MT where such a hobby horse miner wouldn't be able to generate a profit post concentration? For example 8 oz/MT? Less? More? In the past when still private the CEO Duncan peddled his material to the Chinese for its Cobalt content. The one try at a smelter yielded blabbering about nickle, but didn't give content. So for argument sake assume there is no meaningful nickle content which would help contribute to smelting revenues. Again, what is the likely smallest silver content required before concentration, where a hobby horse miner could still take the concentration cost hit, and still make a profit?
Who knows when they will release assay results, but I expect good ole Duncan to proclaim any silver content as though it's the mother load. For slime purposes, last year he claimed something like $322K from tailings previously assayed at 1 oz/MT. Yep, he has played the angle he can harvest silver from waste for a profit. The SEC in the past has been asleep on such bogus claims, although they have received a care package in the Email, and should now be aware.
Anyway, let me know your thoughts on what it would take for a hobby horse miner in minimum raw silver oz/MT to make a profit.
The Jewel of the Mind is Colored with the Hue of what it Imagines
