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@DanO From the 'A$k a Million Dollar Question' Series http://shoutout.wix.com/so/0Llvu3VR#/main
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@DanO Cornwall's forgotten radioactive past: Uranium mines, Marie Curie and a radium spa in St Ives http://www.cornwalllive.com/8203-cornwall-s-forgotten-radioactive-past-uranium-mines-marie-curie-and-a-radium-spa-in-st-ives/story-30329261-detail/story.html#e5zkFXiQyBGWI5sB.99 See video of exploring the historic mine.
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@CriticalInvestor @DanO $500 to ask you just one question? Holy crap
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@EvenPrime @criticalinvestor that'll cost u $500 for an answer 😉
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@CriticalInvestor @EvenPrime Do you guys split revenues or something;)
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@DanO :)
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@DanO @Critical e.g. you plan in investing $50,000 in a jr. You expect that the share price would go up after you buy. It might temporarily go up due to promotion etc but in the end when the next set of drill results comes in (or the following one) your investment would take a 30% hit so you lose $15,000. I think it is better to know in advance and pay $500+ than lose $15,000. It might be the size of the target, grades, continuity, deposit type, etc. But as you very well know it might be anything else from metallurgy to geotechnics and water or permitting problems.
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@DanO Hey @EvenPrime send/pm me the coords/location and name for that historic mine that we talked about. I'll have a look.
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@EvenPrime @Dan0 I don't have 500 bucks 😉 hehe. Jk. Ill send u that info for sure. I Still want to try to get the info on my own to see if I'm half capable lol. I need to learn to do this stuff 😁
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@DanO E.g. right now (other than writing a small report, planning a field trip and working with some investors on a mine, etc) at the request of a couple of high net worth investors I am analyzing a junior. Interesting case, deposit type but...there are a few problems down there that are not readily apparent to the untrained eye. And they are important. I have asked the co to answer a few questions (I want to hear it from them even though I pretty much know the answers) and pressured by investors they have promised to give me access to their data but I am not getting anything from them. Quiet. You could hear the fly buzzing.
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@DanO @Even Well, take a shot then. But I am not charging you for that :)
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@DanO Due to popular demand I will write a short update on $ion and their latest results. Later this week. Adios.
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@CriticalInvestor So for $500 you basically do full analysis on a junior? That sounds more reasonable.
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@DanO @Critical It depends upon how much work needs to be done. I said gimme a shout first ask the questions then I'll get back to you with a quote. Each case is different.
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@DanO #China's March #copper demand up 22% on real estate support https://goo.gl/oRLyOG
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@DanO Here's #ikn 's take on $ion http://incakolanews.blogspot.ca/2017/05/the-alset-ionv-scam-and-its-classic-red.html And here's what GMO had to say about ikn: IKN, an “annoyingly independent” mining blog, is one of the busiest websites in the mining industry, with 20,000 hits per day and over 15 million page views. http://www.globalminingobserver.com/inca-kola-news-179/
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@DanO China's April nonferrous metals output rises 5% on year https://goo.gl/Y15AsN
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@DanO I might have mentioned before that I consider more prospective and worth some of our risk money the jrs that explore virgin #lithium flats in Nevada around Clayton Valley than any of the aforementioned valley's explorers.
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@DanO Today I attended a $bea presentation. I was there to meet some ppl and talk to a few cos. Free beer and wine makes it hard to resist these invitations. I don't know who advises these cos to drill where they're drilling. In the case of $bea they've drilled a fault that might have been at the bottom of my list. I would recommend that you get in touch with me (or another consultant that understands the salars, brines, hydrogeology) before drilling these #lithium salars as I might have a few good ideas that I would be happy to share with you. Nothing comes for free but it would be way cheaper than paying for a f_up hole.
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@DanO Startling Photos Capture Myanmar's $31 Billion #Jade Mining Industry https://www.wired.com/2017/05/minzayar-oo-the-price-of-jade/
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@DanO #ocotilloredux re $dbl. I have asked them about the water issue w/o being pushy. They have allocated a good chunk of money to studying the problem. They even said something like an underground river flows through there. I have asked them where is their hydrogeological data coming from. Mostly historic. I think that in the end they will be able to mine some shallow 50-60m pits but won't be able to go deeper or underground w/o breaking the bank. I have also told them that their grades are half of the historic grades. They replied that they will drill some more and might find higher grades. PEAs are generally over optimistic
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@ocotilloredux I'll have a look again when a $dbl PFS summary is available. Each pit will likely have its own quirks and perks. Getting in and out in a hurry appears necessary to keep unit costs reasonable. This is likely a very difficult subject to model/cost accurately.
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@CriticalInvestor @DanO Neo Lithium had 8-22% porosity figures at 3Q, what kind of porosity would you estimate for Alset, taking into account the 1-3 day period? $NLC $ION
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@DanO If it is like that for $ion then it is awful. I gotta get back in front of my computer to answer that but what matters is not necessarily the porosity (volume of voids to the total volume of rock) but permeability or hydraulic conductivity of the aquifer i.e. how are the pores connected to allow the fluid to move through at a certain speed expressed in m/s or cm/s (the clay in the rock would obstruct the pores and their connection). The real test is to do a pump test or a packer test to assess the in situ permeability.
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@DanO I have been spending too much time indoors lately as I am analyzing different companies and projects at the request of investors. I am getting fat. There is interest in advanced stage/development (and some grassierroots) projects. Clients from three continents: Australia, Europe and North America. I will be attending the Intl Metals Writers Conference at the end of the week. https://metalwriters.com/e/international-metal-writers-conference-68 See you there.
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@CriticalInvestor According to them it's great so I guess the permeability isn't bad either. But testing will tell as you say.
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@DanO @Critical I was talking $ion when I said that if it is like that it is awful.
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@CriticalInvestor So you say permeability likely differs a lot between 3Q and Zacatecas? Based on?
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@DanO @Critical Like I said in my last installment there are differences in between their infill materials. The Li Triangle projects or Clayton Valley represent a Basin & Range type of setting - hi mountains surrounding a salar that is hosted by a block that enjoyed prolonged subsidence therefore is deep >1,000m and can host a lot of brine. In this cases the infill materials contain clastic material like sandy, gravel type which have a decent conductivity. The Mexican salar bowls are shallow and cannot host enough brine. They also should have a more clayish type of infill material which is not that permeable. $ion
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@CriticalInvestor Yes, and I discussed the potential clay issue with @Allan at the VRIC, he said their lithium/clay type of particle distribution is likely different from Bacanora or Western Lithium clay hosted lithium, with better recovery potential. I have no clue about this, maybe he can elaborate a bit more on this $ION
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@DanO @Critical When it comes to clays and other Li or K minerals or brine there are 2-3 different things there at $ion 's salars. I will wait for assay results before further discussing them. Until then let 'em bask in the sun and enjoy their Coronas. One thing though so I won't forget. They will most likely buy into a historic Zacatecas silver mine. Later.
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@CriticalInvestor @DanO Silver asset goes into $AAX I guess? Has nothing to do with Li. Curious about those assays too $ION
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@DanO @Critical I think $ion will option one of those mines sooner or later. Especially if they will not be able to find enough Li in their salars. $aax ? God knows what happens with that one. They have no assets right now. But you might be right and they could get one of those dusty fox holes for $aax as well.
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@JamesKwantes Thanks @DanO - hell of a story over there in sleepy Botswana!
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@DanO @JamesKwantes Did they explain the process of crushing i.e. avoiding to break bigger stones?
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@JamesKwantes There's a flowsheet at the bottom of the link that breaks out how the new Mega Diamond Recovery Unit will allow the bypass of breaking/crushing stages and divert the largest stones directly to hand sorting, @DanO. CEO Lamb thinks the spot where the Lesedi broke is when it dropped into the stockpile (after the "secondary gyratory crusher") and was smashed by a larger stone that dropped on top of it. It's about a 7- or 8-foot drop https://www.lucaradiamond.com/mine-operations-and-exploration/karowe-mine-summary
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@CriticalInvestor @JamesKwantes Great read, what is the concept of this MDR unit? How to avoid breaking a large stone when it is inside a big piece of rock and they crush this piece in a few smaller pieces in the first stage? Besides this, how does it feel to hold a stone worth $60-100M? I would get pretty nervous about dropping it I think;)
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@DanO 1886: #Diamond Mines & The Lost City of Kalahari http://www.miningandmoney.com/single-post/2017/05/26/1886-Diamond-Mines-The-Lost-City-of-Kalahari . The Great Farini found diamonds in Botswana (I think) long before our modern explorers https://en.wikipedia.org/wiki/William_Leonard_Hunt
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@DanO Less/not at all known is that the Great Farini also owned gold & silver mines in BC. I have prospected/sampled the area and know that his small mines barely scratched the ground. There is more gold to be found there. Some 450 m of unmined vein in one location only. I've found lots of floats bearing good/economic gold & silver values on that mountain. This is what I've found at the entrance of a long ago collapsed small historic adit belonging to Farini http://cdn.ceo.ca/1cifpq4-DSC02449.JPG+
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@JamesKwantes The Great Farini - what a character and what a story! Thanks for sharing @DanO. Although the story about his wife falling off the tightrope and later dying is rather alarming lol
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@JamesKwantes The Lesedi @CriticalInvestor - first of all, I didn't know it would be there in Botswana, so a great surprise. It's a very heavy stone. Kind of a surreal feeling holding something that is "worth" tens of millions of dollars and probably much more. It kind of makes you think about the range of human desires, actually - our attraction to beauty, vanity, wealth, inflation. Even the fact that a single diamond could be worth what a few short centuries ago would be considered an immeasurable fortune. It's kind of crazy
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@JamesKwantes And from a few of the (off the record) stories, the stone has brought out a few crazies as well :)
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@CriticalInvestor @JamesKwantes I immediately thought of a very good magician we have here in our country, totally unbelievable switch tricks this guy does, would be something if he could fool security over there, just to show off skills
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@JamesKwantes Haha, I'm sure he wouldn't make it in the door. The background checks are undoubtedly pretty extensive, especially for the diamond sorters and handlers
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@CriticalInvestor @JamesKwantes Probably not;) Extensive checks for sure, although I remembered news about a gang who set up a diamond business in Antwerp for 3 years on purpose before planning a large theft. Eventually they got caught but the diamonds are still missing. Shows you you can only do business with trusted parties with long histories
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@JamesKwantes Yes @CriticalInvestor I think you're referring to the Antwerp heist I touched on in the third paragraph of my article. Have to admire that level of planning and patience! And not unusual for the diamonds to be gone forever after big heists https://ceo.ca/@jameskwantes/lucara-site-visit-worlds-largest-diamond-a-gem-of-a-mine
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