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22-09-2017, 08:30 AM
#3241
The bulk sampling stage should be very interesting . 20,000 cubic meters per year = 50,000 tonnes/annum . If the mined gold grade is proved to be good and the concentrator is implemented then some very basic maths puts us in the ball park of a very profitable mine.
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22-09-2017, 09:09 AM
#3242
Member
If we say they get out 50k tpa (20kcubm) concentrated to only 25% of its original that would be 200ktpa equivalent removed ore.
Assuming they therefore have 2/3of an ounce per ton
And sell it on quick unrefined at $1000 per ton
And costs are $600 per ton
400 per ton * 0.66 * 200000 = 56 millions of dollars.
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22-09-2017, 09:12 AM
#3243
Member
Last edited by stones; 22-09-2017 at 09:13 AM.
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22-09-2017, 09:16 AM
#3244
Member
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22-09-2017, 09:18 AM
#3245
Banned
To a lay gold mine investor, what does this mean?
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22-09-2017, 09:23 AM
#3246
Member
Originally Posted by Fatboyj
To a lay gold mine investor, what does this mean?
Ont know FBJ. Im one of you. Looks most interesting
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22-09-2017, 09:25 AM
#3247
Member
Originally Posted by Fatboyj
To a lay gold mine investor, what does this mean?
It means there's gold in them hills!
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22-09-2017, 09:27 AM
#3248
Member
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22-09-2017, 09:27 AM
#3249
Originally Posted by cammo
If we say they get out 50k tpa (20kcubm) concentrated to only 25% of its original that would be 200ktpa equivalent removed ore.
Assuming they therefore have 2/3of an ounce per ton
And sell it on quick unrefined at $1000 per ton
And costs are $600 per ton
400 per ton * 0.66 * 200000 = 56 millions of dollars.
Yeah there are a lot of ways this can be analysed but what I have noticed is that it is very hard to do an analysis that makes this mine look anything other than very profitable.
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22-09-2017, 09:29 AM
#3250
Member
Rahu potentially holding a further 225,000 oz. and 902,000 oz. gold?
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