NOT more educated, but VERY interested
The last FS was the SRK CONCEPT of what the mine would look like. But, it was just a concept, the detailed design was not completed (or even started.) Nordmin has now completed the actual design of the mine. Scott has already told us that there will be lots of major differences. I expect to see a lot of detail on the mine and am looking forward to reading all of it. The last FS showed a large underground spiral ramp with heavy haul trucks. I believe this has now been eliminated.
We should get a lot more detail on the ground freezing process. I for one stated that "no way ground freezing will work." It took a long phone conversation with Scott to change my mind. I expect this revision will include a lot more info than what we have seen so far. I wonder: how fast the ground freezes? Does it freeze from the top down? Can you start sinking the main shaft as soon as it freezes down 100-200 ft? Do we install a ring of freeze holes around the main shaft and another around the vent shaft or one big ring? Do we sink both shafts at once or freeze the main shaft, sink it, line it, and move the freeze equipment over to the vent shaft?
The surface facilities were also just a concept at the last revision. Scott said they will submit the air permit this quarter and he said you must have a lot of the surface design done in order to produce the data for that permit. Soooo, I expect a lot more detail on what the surface facilities will look like. There WERE ponds and a pumping station that WERE part of the dewatering system. That should all be eliminated and replaced with different equipment.
Nordmin has re-evaluated all the data and made a significant increase in size of resource. Obviously: great news. How did they do this? I want details. I'd like to see more detailed plans and schedules for test drilling to investigate "open at depth." Maybe that info will be there, maybe not, but I will be looking for it.
All of the above are engineering and/or geology related. That is my interest and educational area. But, there have been major revisions to all the financials: higher revenue earlier, revised OPEX and OPEX, contract mining, more revenue from Nb and less from Sc. I am hopeful that forum members with the appropriate areas of expertise review all of that and report back to us.
Big question for everyone:
Each revision gets bigger and bigger. The last one was around 900 pages. Will we blow past 1000???
