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Message: Re: Zurich...webcast? Just finished
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Apr 15, 2010 11:15PM

Rice Lake could be as good or better than Red Lake.

With a growing resource above the 26 level management has many options available to them. We know the main hoist is capable of feeding the mill with 1100 tons per day and with at least three surface mines (L13, Hinge and 007) they will have no problem delivering another 750 tpd to an upgraded 1800 tpd mill. By extending the 26 level tram system eastward towards the 007 the company can develop the high grade veins from multiple stopes near surface and underground. It appears there is enough ore above 26 level to keep the current infrastructure busy for many years to come. By following this model there will be no need for any major expenditures in the foreseeable future. Of course if the company wishes they can go all out by sinking another shaft and commissioning another mill. Eventually another shaft will be needed to exploit the riches below the 26 level, however will we see it over by Wingold to the NE, or will it be west towards the Strikepoint JV.

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