Re: mine results - Zooloo
in response to
by
posted on
Jan 24, 2011 09:18AM
Zooloo wrote:
"But the best laid plans of men and mices oft go awry."
This comment seems to suggest that there is an unxpected and permanent problem with the mill.
I have never commissioned a mill but have worked at a major mining, milling, smelting and refining company for many years. During that time the milling process was constantly undergoing change.
It is closer to the truth to say that complications and changes were indeed expected during the commissioning stage. That is why it is a commissioning stage not a production stage.
The mill has already produced saleable dore. The ability to produce a saleable product is not the issue
As my buddy Berta said, the objective now is to increase the recovery rate as much as possible and therefore increase the monetary value of the dore produced.
Several of us had the privilige of visiting the mill and meeting the people that are running the operation. It always gives an investor a better perspective on a company when they can personally inspect the operation and look the management in the eye.
Without getting into a lot of detail, we came away with a very positive impression of this project.
Perhaps it is time to remind investors that there is no mining cost because the tailings are high enough grade to be economically milled. They are not just hoping this is the case, a large sample of the tailings was sent for a test run and positive results were achieved.
There is enough tailings at La Yeska to operate the mill for 4-5 years.
The profit from this milling operation will fund exploration work on the property without further dilution of the stock.
At the moment the Mexican Gov't is funding the drilling at La Yeska. Clearly they don't fund drilling programs unless their geologists have done their homework and believe the property is prospective.
As Larry said, sit back and watch this one go.
SN