(Total Views: 278)
Posted On: 10/12/2018 6:58:38 PM
Post# of 2065
i like it also and like the short and specific timetable. This drill projectt will be started very soon and concluded by end of November - hope to see results by end of the year. I assume CEO would not have gone this route in such public manner if he had any doubts about the grades.
This is sort of an all or nothing shot - so will await some good and verifiable good news - the independent verification part being new to Mexus.
I hope this is something a potential partner has said is a condition for partnering but we won't know that for a while.
If a serious miner does undertake this project that could increase greatly the chances of success but also lengthen the timeline to revenue. Any serious outfit will want more drill data - their own or a contractor's - will draw up a mine plan using real mining engineers then will likely do column testing to get the chemistry right and de-risk the project some more. Then the lengthy part - construct a new processing plant that will look nothing like the current jury-rigged MC plant on site. Maybe even new pad and ponds - in fact I'd guess yes on that. In essence they'd start from scratch.
All that is not mere months but years so revenue could be moved past 2019 into mid or late 2020. How does Mexus survive in that long " meantime"?
Two years would not be out of the question unless they go with a ball mill but even so they'd still do a mine plan to site the equipment, build more formal stockpile bins and crush circuit and in general do a professional job. Better in the long run but the long run might mean longer than everyone is wanting given the time already spent spinning wheels.
Not trying to be a downer but I could see a long wait for revenue -- I'm 74, CEO is 77 and the Texas Longhorn is over 81 I believe. Best get moving but yes let's do it right as this may be our last grab for the brass ring.
Here's to us Badger - let the good grades show themselves by Christmas.
This is sort of an all or nothing shot - so will await some good and verifiable good news - the independent verification part being new to Mexus.
I hope this is something a potential partner has said is a condition for partnering but we won't know that for a while.
If a serious miner does undertake this project that could increase greatly the chances of success but also lengthen the timeline to revenue. Any serious outfit will want more drill data - their own or a contractor's - will draw up a mine plan using real mining engineers then will likely do column testing to get the chemistry right and de-risk the project some more. Then the lengthy part - construct a new processing plant that will look nothing like the current jury-rigged MC plant on site. Maybe even new pad and ponds - in fact I'd guess yes on that. In essence they'd start from scratch.
All that is not mere months but years so revenue could be moved past 2019 into mid or late 2020. How does Mexus survive in that long " meantime"?
Two years would not be out of the question unless they go with a ball mill but even so they'd still do a mine plan to site the equipment, build more formal stockpile bins and crush circuit and in general do a professional job. Better in the long run but the long run might mean longer than everyone is wanting given the time already spent spinning wheels.
Not trying to be a downer but I could see a long wait for revenue -- I'm 74, CEO is 77 and the Texas Longhorn is over 81 I believe. Best get moving but yes let's do it right as this may be our last grab for the brass ring.
Here's to us Badger - let the good grades show themselves by Christmas.
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