Tuesday, May 23, 2006 4:57:24 PM
My thoughts on this crazy thing...
1) FMNJ is not the first US based company to try and crack Cerro Rico... Maybe that have a better angle than the others - but it is still a risk.
2) Total size of ore body in the mountain - close to 1,000,000,000 MT. Is all of it profitable??? Time will tell.
3) Total amount of Ag in that particular mountain - approximately 115,000 MT. Is all of that profitable to be mined??? Time will tell.
4) Total amount of Sn in that particular mountain - 1,500,000 MT. Is all of that profitable to be mined??? Time will tell.
5) Do we need to build roads - yes and no.
6) do we need to build a processing plant - yes - at least one.
7) how long will tose reserves last - considering that we cannot open that puppy up (OPEN PIT MINING) - it will take a LONG time to get the material to the surface. Also, open Pit is a much cheaper method of mining - so we are going the expensive route.
8) how quickly can we get started - well - we have to:
---get to the particular ore bodies. Yes I know that the mountain is full of tunnels... but we need tunnels to the newly identified ore bodies. sincethe mountain is currently being mined - and has been for some time - does anyone really think that we are going to be able to walk down into the exhisting tunnels and start pulling out ore for processing...
---INFRUSTRUCTURE REQUIRED:
------ventilation so we can improve the lives of the miners who are currently working for about 20 or so years before they die of Black Lung from the asbestos.
------methods for removing ore. Currently on the backs of the miners - not good enough if you want to support more than one processing plant (as proposed by some here)
------shoring up the exhisting tunnels to prevent cave-ins. Unfortunately - the people mining this site right now are not working together with a master plan. they blast with little to no regard for the structure that remains. Also they are working as several factions - and fights break out when they run into each other - DYNAMITE FIGHTS!
That is enough food for thought right now... I will be back to this tomorrow...
However as a parting thought...We are a long time away from $5.00 folks! Perhaps 10-20 years.
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