Take the Money and Run Like a Thief

The recent developments in refractory precious metal ore processing (Bio-oxidation, Autoclaving), and the revitalization of the more traditional roasting processes have attracted great attention in recent years and are indeed the focus of todays symposium. It must always be remembered, however, that the term refractory ore by definition means that the material 'must be capable of being treated at a profit". Given the high cost of the refractory processes, the requirement to be treated at a profit requires very close scrutiny during the evaluation phase of the property development. The M.G.M. film company has the latin motto Ars Gratia Artis meaning Art for Arts Sake. Ingeniatore Gratia Ingeniatoris (a very crude attempt at saying Engineering for Engineerings Sake) should not be the motto for mining companies intent on exploiting refractory gold deposits, but rather the wittily tilted heading for this paper "Take the money and run like a thief". The following hypothetical case studies show that the high technology solution is not always the best financial solution.