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Re: MrDemas post# 326

Tuesday, 04/10/2012 8:15:27 AM

Tuesday, April 10, 2012 8:15:27 AM

Post# of 14182
The "tailings" are the leftovers from the processing of gold from some 100 or more years ago when the recovery methods (technology) was not as good as it is today and gold was worth maybe $20/oz. The "cream" has been taken out of these tailings, but with gold prices at $1,600/$1,700 per oz and based on assay results, LSTG employing new technology should be able to recover $250 million from these tailings. So is it "low grade" ore? I guess that question will truly be answered when the Wash Plant is up and running and LSTG can compare "cost of processing" to the amount of gold/silver recovered. Hope this answers your question.