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@robmcleod@K2 soil development has alot of variables i.e. organic and clay content, slope angle with talus creep, glacial or moraine reminants, proximity to bedrock so it's not surprising that there may be some dead areas (above 40 ppb Au is still anomalous for gold). Regardless, the $GTT gold in soil numbers are extraordinary. Can't wait until Charlie drills it!
@robmcleodGreat discussion on $PVG, albeit somewhat unnerving since our project is nearby. Prompted me to revisit Snowden's technical report and the geostats are an absolutely fascinating study. I'm not a fan of MIK, but am also not a fan of overly conservative top cuts. That said, the latter approach builds in a conservatism that you can modify during operations once you get proper grade reconciliation at the mill. Regardless, the spectacular grades at VOK such as in the cleopatra vein are globally unique; it is a special gold deposit. And I do hope that they go after some the jewelry boxes first and get some of the capital paid down. It's going to be an interesting year in the Golden Triangle!
@CriticalInvestorGreat Northern Miner event in London, top notch security, great staff/organisation. Always nice to see @Gianni, @robmcleod, @Brandon and others. Interesting panels/talks with Lundin, McEwen, Garofalo etc, Friedland was the man, arriving a few minutes before his talk, off to the airport shortly afterwards to catch a flight to Toronto I believe. Life time achievement award was more or less squeezed in unfortunately, deserved at least a 10min documentary of his accomplishments I'd say. Friedland talked about Chinese air taxis being introduced this year, China electrification, clean air, scandium, cobalt, copper, high energy pulse techniques capable of changing several mining paradigms, vanadium redox as best grid storage solution.
@robmcleod@Vaughan we're targeting releasing FS results in less than a month, filing our EA submission shortly afterward. It's going to be an exciting couple of months, with drill results as well. Grateful for your investment! Cheers
@robmcleod@dirkdiggler NDP won't kill exploration in BC. Their mines critic Doug Donaldaldson (Stiline) is very supportive including continuing to support METC and flow-through. Agree on perception though, despite Windy Craggy happening 30 years ago.
@dirkdigglerYa, that was a knee-jerk response on my part @robmcleod. Hopefully the Green's can be convinced that mining isn't nearly as destructive as the fanatics would have you believe, and the permitting process remains status-quo. Perceptions though......that's the hurdle now.
@NewtonWill $IDM production be in lower quartile? Big veins, 16M wide iirc. High grade 8.75 g/t plus silver credits. 1,000 tpd operation, no camp because local housing. Tailings and processing couple miles from mine, down valley, I believe. 6 year mine life but growing. Quick start. Commercial production by 2019. 1,000 ounces gold per vertical meter with down-dip extensions in the works. @robmcleod!
@tommyTremendous memorial for Don McLeod this morning. I only ever had a few encounters with him, but feel close to son Bruce and nephew Rob and wanted to be there. It was incredibly inspiring.
A who's who of Vancouver's mining and finance crowd attended. Haywood brass Tognetti and Blanchard, @HRA-Coffin, JDS founder Stibbard, Fiore Group's Keep and Giustra to name a few. Frank said Don was his first client as a broker. So many people owe their start to him.
Don was "The Godfather of the #GoldenTriangle" according to mentee John Robins who gave a touching speech the day his Fireweed Zinc $FWZ started trading. Respect for John.
Nephew @robmcleod exuded charisma and emotion in remarks about his uncle and hero, who Rob described as a great man with time for everyone. From those in glass towers on Howe St to the unsung rural heroes of the mining sector. I'm paraphrasing Rob.
Daughter Catherine said, "A good man never dies, but lives on in his family."
Condolences and love to the McLeod clan. @editor/a-lucky-man-remembering-donald-a-mcleod
@robmcleod@Tommy on behalf of the McLeod clan, thanks for the kind words and attending Don's packed service today. Was wonderful to see the place filled with Vancouver's extended mining industry: young and old, brokers, geos, engineers, promoters, newsletter guys, prospectors, miners, chopper pilots and executives. And thx for providing me with that closing line for my eulogy! Imitation is the sincerest form of flattery.
@DanO@Newton I think it is too late to have opinions on $pvg. They are about to start producing so we better wait 'n see what happens over the next year. @RobMcLeod trusts them and he knows those mines so I'll go with what he says (but I do not own them). You cannot compare $pvg with $agb. $pvg is a case of extremely high nugget effect (lots of barren rock then a little bit of rock with high grades) and you could have sent a few men to Mars with the money necessary to build and operate that mine. $agb is more palatable. Grade variability 'n costs. But I have not looked into detail at their project to see if they have figured out everything right (geology, mining, etc). I hope so because every camp needs at least one successful mining operation.
@robmcleodHey @DanO, I'm still confident in $PVG, but abit more nervous after re-reading the technical report, and the potential bias of MIK, coupled with potential high-grading the bulk sample. That said, those gold grades are globally unique, and the deposit is well drilled; heavy due diligence was performed during a time of very tight purse strings in mining finance, so still confident that the mine will be a success.
@CriticalInvestor@robmcleod Why do you think they had to wait for the Chinese to fund it? Strathcona/Farquharson isn't exactly the worst firm around either. I disagree with being too late to have an opinion on $PVG, extreme cases of grade variance could be around the corner anytime. Most likely they will play it relatively safe to stay close to the bulk sample area plus the Cleopatra vein, but after a few years this probably becomes a time bomb.
@robmcleodThe biggest job for the COO for a mine under construction is contract management for all of the varying components. Brucejack is in a logistically challenging part of BC and was fasttracked; that management, and easy to go significantly overbudget for a variety of reasons. Some oversites (such as the powerline) may have been reason for his 'retirement', rather than confidence in the orebody. Credit to the whole team at $PVG tho; last summer, I didn't think they'd get the powerline done this quick. Just took extra money!
@JamesKwantesHad a good sitdown with @robmcleod this afternoon, busy guy these days with $IDM FS imminent. Can't think of a better tribute to his late uncle Don McLeod than a successful mine build at IDM's Red Mountain - well, that and an $SBB takeout
@ocotilloredux@criticalinvestor@robmcleod@Allan@nobshere FWIW I have re-established my short here at 1% of the portfolio with plans to move it to 5% as the rot sets in here milling grade wise. I have not witnessed an estimation disaster such as this since Fronneman's Uranium One at Dominion Reefs in SA.
@bmonaghan@tommy@robmcleod re: $ola Camino Rojo is a great asset, started working for Canplats after the first three drill holes were reported at Camino Rojo -- great discovery too! As a shareholder of $ola I'm glad to see that they picked it up. Director George Albino is also very familiar with the asset, having covered it when he was with Macquarie.