This is why you get your ore tested
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  1. #1
    Charter Member
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    Period Six Mining and Exploration, LLC

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    This is why you get your ore tested

    https://www.google.com/amp/s/www.pro...mp/news/901086

    And they said the geology in Arizona wasn't right for rare earth metals. Get your ore tested with an XRF for rare earth metals. This is the only way I know of so if someone else knows of something different PLEASE correct me.

    I'll take an ounce of rhodium over an ounce of gold anyday.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  2. #2
    Charter Member
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    Period Six Mining and Exploration, LLC

    Aug 2010
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    Here's another reason. Tungsten is over $30k a metric ton (2200 lbs) amd a whole lot more common than gold. Be a famn Greek tragedy to pass up a high grade tungsten deposit because it has no gold.

    You really need to know what is in your ore prospects.
    BoydBros, tamrock, russau and 3 others like this.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  3. #3
    Charter Member
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    Period Six Mining and Exploration, LLC

    Aug 2010
    Southeast Arizona
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    Tin as cassiterite has a specific gravity of 6.4-7.0 and runs about $15k a ton. It can be separated on the same shaker table as gold. Some base metal that isn't really produced here anymore. Know your ore. It ain't as glamorous as gold but it will still damn well pay the bills.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  4. #4
    us
    Jul 2013
    Bristol, TN
    Garrett AT GOLD PRO
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    Been my dream for awhile to buy a claim and mine it for a living! I live in the east U.S. where we have gold just claims are not for sale. I'm about ready to live in a tent on a claim I can call my own. I should get a van by the river! If you ever need a prospecting crew member I'm your guy!
    3cylbill likes this.

  5. #5

    Oct 2016
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    The company you have listed is one of many that is prospecting for REE. Geology has nothing to do with the fact that there are no REE mines in the US. Operating cost do. W and Sn are far more restricted in terms of geological occurrence than Gold. And both are uneconomic to mine in the US. Most mining in general is uneconomic in the US, mainly due to the higher wages and other operating costs.
    Last edited by Moesia; Aug 24, 2019 at 05:30 PM.
    BillA likes this.

  6. #6
    us
    Jul 2019
    Arizona
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    Prospecting
    Quote Originally Posted by Moesia View Post
    ...Most mining in general is uneconomic in the US, mainly due to the higher wages and other operating costs.
    It has nothing to do with "higher wages". That's straight BS from luxury class talking heads who claim the labor of others as their own (theft), while claiming poverty.

  7. #7
    us
    Jul 2019
    Arizona
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    13 times
    Prospecting
    That area has lithium deposits too

  8. #8
    us
    May 2009
    Sailor Flat, Ca.
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    Quote Originally Posted by Moesia View Post
    The company you have listed is one of many that is prospecting for REE. Geology has nothing to do with the fact that there are no REE mines in the US. Operating cost do. W and Sn are far more restricted in terms of geological occurrence than Gold. And both are uneconomic to mine in the US. Most mining in general is uneconomic in the US, mainly due to the higher wages and other operating costs.

    over regulation has waaaay more of an affect on mining in the US than wages. We have the best wages for everything. Why would that stop mining?

  9. #9
    Charter Member
    us
    Period Six Mining and Exploration, LLC

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    Quote Originally Posted by Moesia View Post
    The company you have listed is one of many that is prospecting for REE. Geology has nothing to do with the fact that there are no REE mines in the US. Operating cost do. W and Sn are far more restricted in terms of geological occurrence than Gold. And both are uneconomic to mine in the US. Most mining in general is uneconomic in the US, mainly due to the higher wages and other operating costs.
    Wages have very little to do the lack of mining here 9n the US. I dance with six figures a year as a miner and there are those here that make more than I do.

    The biggest problem here is over regulation. And I think it is going to get worse before it gets any better.
    dredgernaut likes this.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  10. #10

    Mar 2016
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    Quote Originally Posted by Mad Machinist View Post
    Wages have very little to do the lack of mining here 9n the US. I dance with six figures a year as a miner and there are those here that make more than I do.

    The biggest problem here is over regulation. And I think it is going to get worse before it gets any better.
    A heavy equipment operator can come close to that in any industry if they are working long hours consistently on prevailing wage jobs.Not dismissing your wages, but moving earth can be expensive mining or building roads.

    I agree..major resistance from government agencies (and the public).
    Last edited by IMAUDIGGER; Aug 25, 2019 at 04:44 PM.
    All treasures found with permission on private property or on active mining claims.

  11. #11
    Charter Member
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    Period Six Mining and Exploration, LLC

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    Quote Originally Posted by IMAUDIGGER View Post
    A heavy equipment operator can come close to that in any industry if they are working long hours consistently on prevailing wage jobs.Not dismissing your wages, but moving earth can be expensive mining or building roads.

    I agree..major resistance from government agencies (and the public).
    Yea, there is no doubt moving earth is expensive. But for the most part it comes down to the economy of scale. More often that not it is cheaper to go big or go home. Our 793 haul trucks move about 250 tons a shot.
    BoydBros likes this.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  12. #12

    Oct 2016
    157
    76 times
    Quote Originally Posted by Goldwasher View Post
    over regulation has waaaay more of an affect on mining in the US than wages. We have the best wages for everything. Why would that stop mining?
    Mining in the US has been on the decline for some time now. US has only 2 firms that are not in gold that may be considered major miners. Freeport-McMoRan and Southern Copper. Most of the big mines in Arizona are not making money. They are losing Freeport money that they have been trying to offset by large profits in Indonesia and SA. Grades at the US mines are simply to low. Southern Copper does not have mines in the US.

    The difference is that unlike other industries miners do not set the price for the good they produce. So unlike a car manufacturer when the costs of production rise (due to the lover ore grades) miners cannot simply raise the price of the commodity they produce.
    Last edited by Moesia; Aug 25, 2019 at 07:49 PM.

  13. #13
    Charter Member
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    Period Six Mining and Exploration, LLC

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    Quote Originally Posted by Moesia View Post
    Mining in the US has been on the decline for some time now. US has only 2 firms that are not in gold that may be considered major miners. Freeport-McMoRan and Southern Copper. Most of the big mines in Arizona are not making money. They are losing Freeport money that they have been trying to offset by large profits in Indonesia and SA. Grades at the US mines are simply to low. Southern Copper does not have mines in the US.

    The difference is that unlike other industries miners do not set the price for the good they produce. So unlike a car manufacturer when the costs of production rise (due to the lover ore grades) miners cannot simply raise the price of the commodity they produce.
    Hmmm, I don't know where your getting your information but Freeport is definitely NOT losing money in Arizona and the ore grades are not declining. I work for them in Morenci so I know how much we make and what we mine.

    And Grasberg is pretty much going to take two years to get back up to full production now that they are underground working a HUGE block cave operation.
    Last edited by Mad Machinist; Aug 25, 2019 at 08:14 PM.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

  14. #14

    Oct 2016
    157
    76 times
    Quote Originally Posted by Mad Machinist View Post
    Hmmm, I don't know where your getting your information but Freeport is definitely NOT losing money in Arizona and the ore grades are not declining. I work for them in Morenci so I know how much we make and what we mine.

    And Grasberg is pretty much going to take two years to get back up to full production now that they are underground working a HUGE block cave operation.
    Freeport officially lost 72 million dollars from its operations in the last 3 months, that number is probably much larger as all companies under report their losses. Next time they report that number is going to rise even more as the price of copper has fallen.

    Grades at all mines decline over time. Average grade at all mines in around the year 2000 was 1.2%, today it is 0.55%. Copper grades at Morenci are at 0.17%, which is extremely low for a copper mine, currently the mine is processing ores with higher grades. The mine produces some Mo, so that helps a little. When large scale operations first started ores were 2%. And in 2005 around 0.6% for comparison.

    A mine to be profitable needs to have ore grades of at least 0.3% to 0.4%. Depending on the location specific operating costs that number can vary. Freeports mines are all under 0.45%. Morrenci is at 0.17%+, Bagdad 0.32%, Sierrita 0.23%, Safford 0.45%, Miami is no longer producing. Grades at SA are not much better. That is not sustainable.

    Grasberg was the cash cow, but now the government has taken its share. And as you have pointed out it is not going to ramp up production for at least 2 years.

    Freeport has been bankrupt for some time now and they have been able to finance them-self and keep going trough debt. The company has 10 billion dollars of debt. They dont have the money to buy a new profitable mine and to develop one from scratch takes 10 years at least and anywhere from 2Bn to 10Bn dollars. For some time now it has been under consideration that some larger mining company take Freeport trough M&A. But no one wants to acquire them. Freeport operations aside from Grasberg are unprofitable or make very little money.
    Last edited by Moesia; Aug 26, 2019 at 08:20 AM.

  15. #15
    Charter Member
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    Period Six Mining and Exploration, LLC

    Aug 2010
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    Like I said, I don't know where you get your information but is dead wrong. I not allowed to say what our grades are but what you posted isn't even close.

    Yea we lost a little money last quarter but that is due to expansion at Grasberg and also Safford. Neither kne will be in full production until the end of 2020.

    The analysts can stand up and claim whatever they want. They say Morenci is not profitable yet we prove them wrong everyday.

    So we have $10 billion in debt. 8 year ago it was at $26 billion. We will be just fine.
    dredgernaut likes this.
    Mining is how I make my living. I turn mountains into dust on a daily basis.

 

 
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