No Gold Fever Like Silverado Gold Fever
posted on
Sep 22, 2010 09:34AM
With Gold reaching for $1,300/oz and Antimony reaching $11,000/ton Silverado will be making mucho bucks even with a 200 ton/day, thats something like $1.4 million/day for the Antimony a lone (before over head deductions) than throw-in the Gold that is as high as 5.73oz/ton x 200= (you do the math) and you can see that with todays prices for both Gold and Antimony that a 200ton/day operation could add a lot of vaule to Silverado stock price very quick. (JMHO)
Remember, the majority of gold mining companies are chasen after gold dust, a few grams/ton and Silverado has found many core samples ranging from 2-3-5.73 oz/ton (high end) in a small area. The company has reported they will not need to use any expensive chemicals to seperate the gold from the antimony, infrustructure is all paid for so their over head cost will be chump-change compared to other mining companies, bottom line, this translates to more money in profits.
Think about this, before deductions, Silverado could be making something like $5,000 to $11,000 per ton removing the antimony just to get to the pot of gold (JMHO)
$$Ka-Ching Ka-Ching $$
Underground Mining Methods
The mining method employed needs to allow access to the ore while minimizing the amount of waste rock that needs to be removed to excavate the ore. Underground mining is undertaken when the mineralization occurs below the surface and is confined to veins, fault zones or beds that tend to have a near-vertical planar or sheeted distribution that doesn’t accommodate open pit mining because the zone is too narrow and too much waste rock would have to be removed between, and on the exterior of the zones to extend the excavation to depth. Often these mineralized zones will consist of one or more sub parallel zones. Sometimes these zones coalesce or intersect as veins. When this occurs the grade of veins can often be enriched.
In general underground mining requires higher grades then surface mines because of the higher costs required for underground mining because the mineralization tends to be concentrated in planar zones and doesn’t extend in concentrations rich enough beyond the zone to be extracted and processed economically. Thus the amount of ore in an underground mine tends to be considerably less then a surface mine, but has significantly higher grades of ore.
As a result of increased regulatory requirements, underground mining has become more attractive as an investment to mining companies because there is less surface impact, and its is now easier to permit an underground operation because there is less required reclamation expense.