Just when the world “understood” Ayawilca and was getting bored with chunky widths of “just” 7% zinc, this turns up:
That’s remarkable, so click on that title line to see the NR for yourself. The ciggypack calc is 10m of $1k/t rock, and for an eventual mine that runs each tonn at around $50 cost, it’s fair to say that there’s margin to play with. Here’s here’s one of the graphics from the NR:
PS: I stuck it on Twitter a few minutes ago and I’ll write it here, too: Mining is a difficult thing to do and playing the mining sector, particularly explorecos, is a very trappy exercise in which the investor needs to take a wide range of factors into account. But sometimes the most simple of statements can sum up a situation and here, today, there’s one that captures the future of the Ayawilca project perfectly:
In Peru, 40% Zn rock does not stay underground.
I could confidently write that if the intercept had been 3m at 70% true width. This is 10m at 85%. That’s all you need to know.