Re: 100 MT at 3 g/t
in response to
by
posted on
Aug 24, 2010 07:19AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
twilight, i still have issues with it being strictly an underground mine as well but that may be a discussion for another day.
as far as 2-3gr per ton being "a given"....i wish! folks may not like to admit it but i would guess there are a few here that are afraid assays could still disappoint...i'm hopeful for 2gr+ but i dont consider it a given.
i look at it this way (probably an oversimplistic view) but using $40 ton processing cost (i think thats high) we need 1gr/ton for a break even....i think the market has us priced somewhere in the neighborhood of 1.2gr/ton
2gr per ton puts us into the real money..2gr x 100MT= 100mil gr after processing costs
3gr/ton is just insane imo...you'd be talking about 200mil gr after processing costs, my calculator smokes at that level...
would'nt that be over $3bil in profit? no, i dont think 2-3gr is a given...
jmho