iHub Mining Sector Entrance Lobby

[amarksp]

thanks much, this is what I wanted to know:

"First none of these people are mining engineers of gray hair and long rep. They are not fast draws in the mineral business. They are promoters and fancy prospectors."

There actual plan is:
"The current plan is to start with a much smaller mining program (1,500 t/day) with a higher grade "starter pit" at the Box deposit only (about 1.5 million tones at 3 g/t). The starter pit will be the first step in realising the full potential of the total resource. The global plan for the Goldfields Property would be to develop, by expansion of the proposed Box Mine plant, a central treatment plant to process ore from the Box Mine, the Athona Deposit and from successful exploration of known gold targets in the area."

Also, they plan to use a Gekko IPJ:
"gravity testwork has been done and a total gravity flow sheet has been designed using coarse milling. This latest testwork has been done by Gekko, in Australia, to test the applicability of their Inline Pressure Jig (IPJ). By grinding to only 500 microns, more than 85% gravity recovery can be expected using a very simple plant."

Given your statement "none of these people are mining engineers", it is likely best to wait on the sidelines and see if they can actually hit their numbers.