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I think your last paragraph is is the most likely

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Post# of 4018
Posted On: 05/08/2013 1:53:27 PM
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Posted By: microcaps
Re: Lmcat #3060

I think your last paragraph is is the most likely and logical scenario- starting w a smaller pad and building size over time---the MPO covers a period of several years so maybe they plan on a max size pad of 35 acres after 3 years-would make no sense for them to lose months of leaching time by waiting til they loaded 35 acres


"Now is it possible that they plan on starting with a smaller heap leach pad and enlarging it to the 35 acres? There is no schedule in the MPO so that is an unknown but makes sense to me. While one section of the pad is leaching, they could be loading another section. I just can't see them loading the entire 35 acres and then turning on the acid drips.'



Thy have spent or will spend millions on buying that 20% so they must have deep pockets somewhere-and thats an indication of how much they expect to earn on the mine-and the logical thing as w most successful mines is to finish the drill holes as per the Rizzo report suggestion that werent drilled down to cutoff grade to replace or extend the life of mine during course of mining on a rotating schedule

so if longs would take a breath instead of trying to exhaust the current buying, pps will rise again in the following days into the 30's while we wait for the next catalyst


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