Too soon for a pit...money should be spent finding a 2nd or 3rd discovery zone...digging a ramp will cost a lot more than DP thinks.
DP is betting money that...gold will rise and carry the interest in PRB with it !! OR...he knows specifically that their is a second zone...and will play that card when it is required ( sooner rather than later )
Majors will let him exhaust his Flow Through Money and offer him more just to keep diluting the stock.
So for PRB holders sake...it better be a combo of the 3:
- Gold rising to 2000
- A Second or Third zone is discovered in tandem with the ramp
- A major is involved and is willing to process the 30,000 tons of high grade.
30,000 tons is 11,000 m3 of ore.
I am confident the recovery rates of 95-96 % don't need to be repeated on a bulk scale.
Start drilling exploratory 450 metres deep...in other area's that are suspected to be zones ! Use a smaller drill and punch as many holes as fast as you can. Use XRF for detection and lab to confirm !!!
http://www.bruker.com/products/x-ray-diffraction-and-elemental-analysis/handheld-xrf/applications/mining/core-sample-analysis-xrf.html
Much more cost effectvie than a ramp!!!!!!!!!!!!!!!
If gold drops and they go to re-finance...at 2.50 this will be trouble ! Yikes...!!!
Oh, well...we'll see. I got time.
"lost time is never found again"
Ben Franklin
Captain Time
