Of course, the NI43-101 Press Release was welcome. One billion tonnes was predicted. We came in at 928.4 million, 68.4% Indicated, 31.6% Inferred.
Excellent News Point #1) On balance, we can now talk about recognized world-class results, instead of results that we had thought we might report one day if all had gone as we had suspected it would.
Excellent News Point #2) So far as hitting one billion, that’s sure to follow, as we will be drilling more after the Magpie IPO. Even so, 928.4 million tonnes is more than I can fit in my backyard.
Excellent News Point #3) Besides the fact our next Magpie drilling is sure to reveal more, what’s even more interesting is that it will follow, not precede the IPO (which will cause there to be one less impediment, so far as the IPO, indeed, being soon to come).
Excellent News Point #4) The titanium and iron ore grades came in better than we had estimated and, remarkably, showed close-to-perfect consistency (that is, practically no variation, practically zero unpredictability).
Excellent News Point #5) “Hydrometallurgical test work on the Magpie mineralization continues at SGS Lakefield, while beneficiation tests continue at COREM facilities in Quebec City for the objective of achieving optimal concentrate products suitable for smelting purposes.”
Aside from the NI43-101 highlights, we should not lose sight of how important our relationships are with the companies offering us technical support. SGS, for example, is a multi-billion-dollar-in-revenues company with divisions in 74 countries. We’re on the right track leaning on their knowledge bank, their know-how, and their experience. Check out their website (as follows) and imagine what we can do with our relationship with their engineers.
http://www.sgs.com/en/Mining/Metallurgy-and-Process-Design.aspx
I am less familiar with CORUM. However, as with SGS, I am much impressed with their capabilities. As with SGS, it doesn’t take a great leap-of-faith to picture what we can get scientifically from collaborating with CORUM. A link to one of their relevant webpages follows.
http://www.corem.qc.ca/expertise-services/physical-separation
