Mining Global Inc (MNGG)

[brucebill]

.... coming from a mining/earthmoving background myself there working with tailings which is gravy material. No blasting or extraction costs. None. Its easy to work with loose material for the most part. Very little wear and tear on the equipment plus with a couple of decent operators they should easily move through a 1000 tons a day. I don't know what size truck there using but say its a 30 ton. That's only 34/35 loads ... peanuts.Even Shitty operators can do that. Obiviously it all depends on the processing equipment. If they're set up close enough to the tailings they could easily move a 1000 tons with a loader as well. then ur only paying for one piece of equipment vs two (truck and hoe).

Back in my mining days optimum waste/ore ratio was 8:1. Of course this varied and was usually a bit higher but averaged around 10% which is what MNGG is stating they're getting. Depends on how much the oletimers missed back in the day which I'm guessing is quite a bit. Was probably easy pickings back then and they didn't mess around worrying about dust, just the nuggets.

AIMO.
MNGG!!!! This is gonna run.