DD Support Board and Research Team

[DragonBear]

You're not getting off that easy!

I did notice that the 4000 tons of concentrate assays at 40 oz per ton while some of the crushed ore assays at 38 oz per ton. It hardly seems like it was woth the efforts to concentrate

Agreed, there would be no need to concentrate, and that's the stinger in the scorpion's tail. A smelter usually wants something in the low 20s shipped - correct? At 40, and 38, the smelters should be fighting each other to get at "mineralized material" of such concentration. Higher margins for everyone. The bait to the market coming in was the 40 oz material was ready for shipment - already ground down to the recommended 100(?) mesh size. The result is 1.5 yrs later, the sudden need to generate new assays, and concentrate. No revenues generated from this ready to eat material.

If a hobby horse mine would report an assay of 5 oz/MT - is that profitable to concentrate? Thus far the equipment is a small centrifuge which appears to be 50 gals in size(?). Again, no holding tanks to precipitate the gold before centrifuging. Most likely past still pending fine issues with Ontario is making getting new permits a little tricky. Another funny was a past claim they were going to generate dore bars to send to the smelters. I expect eventually Duncan will spit out a low assay figure, and then promptly start a flood of nonsense PRs. I'm searching for the reality of what it would take for a hobby horse miner to make profit. Instinct alone tells me anything much under 10 will be non-profitable. No economy of scale. Much less permits.

What do you think Duncan paid for this property, and its valuable assets just laying around on the ground back in 2003? Try $51K. Even at then silver prices that valuable material just left laying around should've been worth a few hundred $K.