tag:blogger.com,1999:blog-6272793377504221569.post7468928007483699744..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Cascabel - after a metric f-tonne of drillingThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-6272793377504221569.post-48440919946894667782018-09-25T09:24:39.626-07:002018-09-25T09:24:39.626-07:00Why not? Share price has rebounded from early thi...Why not? Share price has rebounded from early this year. They could also roll over some of their debt but that would mean ongoing interest and repayment obligations.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-67195888924610850702018-09-25T05:22:20.262-07:002018-09-25T05:22:20.262-07:00Hello AG. I understand how the holes are labelled...Hello AG. I understand how the holes are labelled. My post was intended to raise the question of why no results on any of the first 15.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-1973168476851626872018-09-24T21:56:07.618-07:002018-09-24T21:56:07.618-07:00Hello Bill,
the holes are in order, they just hav...Hello Bill,<br /><br />the holes are in order, they just have a year prefix identifying which holes were drilled in which year<br /><br />e.g. EL-18-22 - the 22nd hole drilled on the property, that was drilled in 2018 and so on.<br /><br />No conspiracy here, but with 3 rigs turning, I would have expected more core.<br /><br />The bigger question is, if they have drilled 20 holes (they say that hole 36 is in progress), why have we only got the results from 7? Maybe they started drilling out the known pods, and the holes drilled away from this area were shite?<br />The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-46287899705648643892018-09-24T21:51:08.301-07:002018-09-24T21:51:08.301-07:00How dare you undermine the centuries-old geologica...How dare you undermine the centuries-old geological skill-set of arm-waving and expressing an opinion on subjects that we have absolutely no knowledge of.<br /><br />I feel terrible being criticized by people with actual knowledge. Have they no shame!!<br /><br />http://uncyclopedia.wikia.com/wiki/GeologistThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-14474551399227263862018-09-24T21:47:51.341-07:002018-09-24T21:47:51.341-07:00let me guess - pump out lots and lots of shiny new...let me guess - pump out lots and lots of shiny new sharesThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-48116666719119174432018-09-24T21:47:30.289-07:002018-09-24T21:47:30.289-07:00or now 20% at close of playor now 20% at close of playThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-61341149984515631842018-09-24T21:47:05.297-07:002018-09-24T21:47:05.297-07:00A believer, who obviously still has his head up hi...A believer, who obviously still has his head up his ass.The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-72001694203249342572018-09-24T21:40:51.993-07:002018-09-24T21:40:51.993-07:00TomSzabo, I heard that you were undergoing serious...TomSzabo, I heard that you were undergoing serious surgical intervention to correct your recto-cranial inversion syndrome. It's so very sad to see that the treatment has failed. A difficult case?<br />I guess your NLW career is inversely correlated to your posting on this website. Maybe the reverse correlation would<br />be particularly novel.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-51428314139502901802018-09-24T16:54:46.270-07:002018-09-24T16:54:46.270-07:00That probably means they've figured out how to...That probably means they've figured out how to deal with their current debt problem.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-90022556574133726712018-09-24T16:37:14.949-07:002018-09-24T16:37:14.949-07:00PVG.t is gonna buy the Au stream for $237-million ...PVG.t is gonna buy the Au stream for $237-million (U.S.) by Dec. 31, 2018. Screwed they be now for sure if the next 2 quarters are anything other than cash-type moo cows. PoG not assisting so far.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-33223063983189515532018-09-24T10:33:18.457-07:002018-09-24T10:33:18.457-07:00All righty then, we have the beginnings of our GGI...All righty then, we have the beginnings of our GGI conspiracy theory. Rogoci drills 15 consecutive dusters. With time running out he furiously redrills that poor swiss cheese ore pod multiple times. Then he buries the first 15 blanks and spews about the ore pod AGAIN.<br /><br />I say that ore pod will be depleted soon by golly.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-67479086358042927982018-09-24T10:08:14.044-07:002018-09-24T10:08:14.044-07:00Hmmm. At first blush I thought there were at least...Hmmm. At first blush I thought there were at least half a dozen missing NSI. If you nailed this, Rogdoggie has spent a true chitload (of Sprott's money mind you) on blanks. Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-43668241385297191092018-09-24T10:06:31.616-07:002018-09-24T10:06:31.616-07:00Many good takes in here. I think that's a litt...Many good takes in here. I think that's a little bit too pricey for a PEA which is usually based on inferred and has very little engineering work done. Or metallurgy - they won't be doing any met domains definition. Hence its accuracy in the 30-50% range. At 50% you can flip a coin and be as accurate as the PEA w/o having to spend $5M. A good point was that the grades are a little bit too low for an U/G block caving mining operation. There are many mining (not geological) factors that could influence the outcome (orebody depth, geometry, etc). Still one of the most important is almost never mentioned. Geotechnics. The CEO, VP, geologists they all go 'oh, it will be an U/G block caving op'. Nope. Not every porphyry deposit is amenable to this high productivity low cost mining method. One of the reasons is that the rock won't break (into small blocks) and fall on the floor of the cave by itself (due to gravity). You have to be pretty sure about that early in the game if you are to make the right exploration and development decisions. But this is only one aspect. There are many more things to consider when thinking in doing any kind of U/G bulk mining. Cheers. @dankogaionAnonymoushttps://www.blogger.com/profile/12315461348919167800noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-19138478566957486202018-09-24T09:56:45.998-07:002018-09-24T09:56:45.998-07:00One would expect the first holes to be 18-1, 18-2,...One would expect the first holes to be 18-1, 18-2, 18-3,.....not 18-16, 18-19 & 18-20. Where are the assays from the first 15 holes?Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-26467869412731442962018-09-24T09:04:17.844-07:002018-09-24T09:04:17.844-07:00Yeah well. Boyotards felt a need to puncture that ...Yeah well. Boyotards felt a need to puncture that tiny ore pod again, and again to boost the aresome wicked 'potential'. I WOULD SAY our $ .09 tout from some guru on RNX.v is turning out very nicely these days.<br />https://pennystockjournal.blogspot.com/<br /><br />Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-80323349366530042772018-09-24T07:07:15.958-07:002018-09-24T07:07:15.958-07:00GGI down 7.6% this morning - don't think much ...GGI down 7.6% this morning - don't think much pontification is needed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-43611892578309168162018-09-24T04:28:41.020-07:002018-09-24T04:28:41.020-07:00News is out read it and pontificate.News is out read it and pontificate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-29071775519900836432018-09-24T02:30:06.398-07:002018-09-24T02:30:06.398-07:00BHP recently acquired a 6.08% interest in Solgold,...BHP recently acquired a 6.08% interest in Solgold, which I assume is not just for investment purposes. Anonymoushttps://www.blogger.com/profile/12046482810417730348noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-10485005169591879242018-09-23T18:02:05.821-07:002018-09-23T18:02:05.821-07:00One of the big risk issues for the concentrator is...One of the big risk issues for the concentrator is crushing/grinding. What is the SAG mill size and power? DD rejects are not good enough for SAG testing. Larger core is required.<br /><br />If they did met testing back in '14 they would not have had a very good distribution over the entire potential mineable area. Economic studies nowadays want to know minerology parameters for each block in the resource model, although perhaps not at PEA level.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-12102438240759429282018-09-23T17:13:49.521-07:002018-09-23T17:13:49.521-07:00I heard the main dorkass at GGI was wound up stupi...I heard the main dorkass at GGI was wound up stupid and said in a NR he "eagerly anticipated" an exploration update and assays last week after 14 fukkin weeks. Sadly that didn't happen and we're into week 15 now. <br /><br />Rogoci is a mutt and GGI stinks worse than his horrid K9 anus. NEXT TIME I won't hold back either. Ahuck. Pfffft.Acehttps://www.blogger.com/profile/17786196655918237161noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-62743276431738914352018-09-23T16:53:33.369-07:002018-09-23T16:53:33.369-07:00PEA costs - it looks to be a relatively standard p...PEA costs - it looks to be a relatively standard porphyry. I'm sure that they could make enough met samples (for a variety of grades, especially around the economic cut-off) from the half-core left on-site.<br /><br />Solgold were good, they did a prelim met study back in 2014 to make sure that there were no surprises. The studies reported 80-90% recovery for Au and CuThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-86598887201032795772018-09-23T16:49:19.068-07:002018-09-23T16:49:19.068-07:00Most greenfield block cave operations have a resou...Most greenfield block cave operations have a resource that is higher grade (e.g. Golpu - 820Mt @ 1% Cu and 0.7 g/t Au; Los Sulfatos - 1.2Bt @ 1.46% Cu) and significantly larger than Alpala in its current iteration (even using the 0.9% CuEq cutoff).<br /><br />The MRE has the lengths and starting dip/azi (so no numbers for downhole deviation etc).for the first 38 drill-holes (or just 53,616m). For the additional drilling since then, not all of this information is included.<br /><br />So I used as much of the MRE info as possible, but for the drilling since dec 2017, it is a bit of a crap shootThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-57136840523141283632018-09-23T10:57:51.292-07:002018-09-23T10:57:51.292-07:00Thank you for the correction Martin. Is there a r...Thank you for the correction Martin. Is there a reason for using BHP standards? Is this a stage gate standard?Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-19970549976442682902018-09-23T10:53:55.687-07:002018-09-23T10:53:55.687-07:00Interesting tidbit...the MRE uses a cutoff of 0.3%...Interesting tidbit...the MRE uses a cutoff of 0.3% CuEq, which at 90% recovery (optimistic) would provide about $16 to $18 per tonne in revenue. Assuming 25% of revenue for transportation and TC/RC it leaves about $12 to $13 for site costs. That likely isn't enough to pay the bills. A higher cutoff of say 0.5% would provide around $22 for site costs, which is probably still on the optimistic side for a block cave operation.Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-42440724758019515332018-09-23T10:49:30.380-07:002018-09-23T10:49:30.380-07:00SRK Cardiff (not London) have some exceptionally c...SRK Cardiff (not London) have some exceptionally capable people that do mineral deposit statistics. Two populations in copper deposits are not unusual. Veins within porphyry maybe.<br /><br />The cost of the PEA is because they are working to BHP standards.<br /><br />The elephant in the room is the fiscal and political regime in Ecuador.Anonymoushttps://www.blogger.com/profile/12046482810417730348noreply@blogger.com