Junior company releases a hot drill-hole, we jump in and buy, 'cuz the project is good the management beautiful and honest.
Deep down, we know that they are good, hard working folks, busy polluting lakes and rivers, pissing off and killing locals, just to satisfy the needs and desires of the retail investor to allow us to flick through a copy of the Robb Report and pick out our next car, house or spouse. God Bless 'em.
However, sometimes we get a few baddies, those companies that like to cheat a bit and rather than industriously explore the frontier exploration areas (deepest darkest Peru, the 'stans, or Ontario), they miraculously find a well drilled project, it is easiest and stick a few holes into the best bits, like our friends at First Mining Finance's Stripper-pole
|yellow > 0.4 g/t Au, orange > 0.8 g/t Au, red >1.2 g/t Au|
*WWAD = What would Avrupa do?
And talking about lakes, only 75% of the deposit is underwater.
|I've added some traditional Canadian fishes to make this image more sexy.|
|submersible drill-rigs (they never lose circulation)|
|submersible dump trucks|
- High grade ore may contain more free milling gold and require the plant to build a gravity circuit, or coarse gold that could be recovered by leaching
- low grade ore may be refractory (i.e. encapsulated in other minerals) and may not be recovered through a gravity or leach circuit and require a finer grind.