@SteppeGold Who is buying Tres on the cheap? Why would you sell the next growth project? The whole point of the merger was to use Boroo free cash flow to fund the development of Tres.
The Tres sale is prob being sold to insiders on the cheap.
This is poor deal for Steppe shareholders.
@novaminerals Is this mineralisation oxidised? To enable a low cost starter heap leach operation. The common sense approach.
The market or most shareholders dont want management's so call 'optimised' 6Mt pa plant with capex of USD$424, which is train crash waiting to happen.
@K92Mining Another fantastic presentation by John.
After several years of production and exploration of K1 & K2 and now Judd vein, it still keeps growing, and keep finding new interesting targets.
IMO the major catalyst is the drilling of A1 porphyry the source of these veins. $KNT
@novaminerals Management are kidding themselves if they think they build 6Mta plant without an access road, let alone try and finance USD$424 capex.
GO BACK TO PLAN A!
BUILD A HEAP LEACH MINE!
You cant teach common sense.
The cash flow can be used to fund plant to process high grade ore.
@novaminerals IRR is just too low. Capex is too high, which will dilute shareholders.
Management need to go back to the original plan A, low cost heap leach operation with ore sorting.
Heap leaching may take longer to permit, but also requires less power consumption and capex is vastly less
Is this innovation of blast gas boring coming to the mining industry?
.......machine vision and a thermal drilling method, to blast gas and heat at almost 1,000°C (1,832°F). This breaks rock into small pieces, which are then sucked out by a vacuum.....
https://t.co/rMcJO5DaDf
@SluzCap I think the best is yet to come from $KNT, drilling of the Judd veins from existing below underground workings. Cheaper than drilling above ground and highly effective. Discovery cost of new ounces will be cheapest globally too.
@MikeSta73935481@ArizonaSilverE1 Drilling pad is ready for the rig. Could you have waited after these results before doing the raise at an higher share price upon favourable results? Surely you have good steer on the likely outcome now.
@silverguru22@FMSilverCorp@SprottMoney@keith_neumeyer@KitcoNewsNOW
Will silver miners trying to sell their concentrate using disruptive commodity trading platform provider GLX Digital?
Pilbara Minerals used it to double the industry benchmark price
https://t.co/uqi1Dov1is
@silverguru22 David,
There is rough account @siilverguru22 trying lure your audience to opening a dodgy bitcoin trading account.
You need report this and take legal action against him.
@PureGoldRedLake Building the mill is one of many critical aspects.
Mining the forecasted head grade is also equally imported.
Fingers crossed with additional milling capacity and improved head grade attributes to profitable and low AISC production.
@TrendWatchAU@cgtpartner@novaminerals 1st the poorly timed last capital raiss and now selling addition lithium shares too early. Could have waiting to get a high price post IPO given thr red hot lithium.
....cant teach common sense!
@SnowLakeLithium Share price of $7.50 won't be that low for long.
A major lithium shortfall is forecasted.
EV suppliers are buying up lithium supplies by directly funding mining projects. Follow the smart money.
https://t.co/c0EYYohtDT
What a shit deal for $hoc. paid $56m for 100%, originally paid $2.5mn for 6.2%. $58.5 overall. Spent say $40 to date.
Now $100m IPO to retain only 20%
Insiders who are buying the IPO are getting a nice sweet heart deal.
Capex for the mine is only $100m https://t.co/gt6ZmqF7Hv
@SnowLakeLithium Proceeds should also be used TO commence permitting
Fully permitted mines ready to commence construction is where the real value lies
@aim_irr #ewoya and @FirefinchLtd#goulamina lithium projects got snapped up for JV deals because they were fully permitted and shovel ready $NVA