Mariner-LMAO Watching Blazing Saddles the Other Night!
The famous bean scene was hilarious. Investors don't have to keep choosing and ordering beans from the left side of the menu day after day. Take advantage of DIPS to accumulate cheap shares! Longs discovered years ago the right-hand side of the menu with a delectable choice of lobster with drawn butter, king crab legs, steaks and fine wines. lol
The LDM is just an interlude before the ALTO announcement that will show the true world class deposits present on this mountain.
Based on the experiences of mines in Nevada (not Chile) it matters little what the final ore grades on the LDM turn out to be. (Most of the following is from an article by Leia Michele Toovey.) Over the years, gold exploration has evolved. The early-day prospectors searched for gold with nothing more than a pick axe and perhaps a gold pan. Today, explorers hone in on a gold resource by using a variety of technically advanced geophysical surveys.
Modern day explorers, while still concerned with discovering gold, are even more interested in the quality of a potential deposit. In assessing quality, an exploration company will estimate the concentration (grade) of the gold, the total amount of gold, the cost of extracting the gold, and the cost of refining the gold. The balance of all these variables determines the value of a mine. The estimated value of a property indicates whether or not it can be developed into a viable mining operation, a transition that many exploration properties never make.
When determining the viability of transitioning an exploration property to a profitable mine, the total picture must be assessed. According to the World Gold Council, larger and better quality underground mines contain around 8 to 10g/t of gold, while marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade. In all cases, the tonnage contained in the deposit is the last and most important piece of the puzzle.
In the past, gold explorers would shy away from a deposit with less than 1g/t of gold, common in Nevada. However, those who saw the total picture were willing to take a risk in mining for gold in the state. To date, the low grade deposits in Nevada have become one of the largest sources of gold in the world. Total recorded gold production from 1835 to 2008 totaled 152 million ounces, worth about US$180 billion at 2010 prices with the majority coming from low grade/high tonnage deposits in the last 30 years.
I would expect nothing less from Chile's LDM mining operation just getting underway.
If the assays come in at a much higher g/t of gold so much the better. A done ADL deal is still the main show, but I don't mind waiting to see what the LDM can produce in the mean time.
If You're In, You're In
Invested in the Mountain
...and That's What Counts!
easy
AI
