InvestorsHub Logo

Jack_Herer

01/20/20 8:14 PM

#31359 RE: Flippin Stocks #31356

The strip ratio I guestimated from looking at their vertical long section of drilling, a 4.6m average wide zone of "ore" and a pit with 55 degree sloped walls down to the maxiumum depth of mineralization (roughly 115m vertical depth) makes a pit 165m wide on surface.
Drawing this up quick & dirty in a cross section showed a 53:1 waste:ore. The actual strip would be even more because the ends of the pit would not be vertical, but would slope as well.

It's a tiny zone, uneconomic to mine, with no upside.
Maybe if gold goes to a baggillion dollars an ounce this will be economic....?