Timmins & Beardmore - Northern Ontario

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Message: From Longbomb

From Longbomb

posted on Sep 12, 2008 01:20PM

Heres his wrok all historical

For the Lynx No. 1 Zone, a conservative tonnage estimate has been made by Derry, Michener & Booth, of 70,000 tons at 3.6% Cu, 2.40 g/T Au, and 99.43 g/T Ag. The Lynx No. 2 Zone consists of a 30 m wide quartz-sulfide zone which has been traced for 150 m along strike and drilled to a depth of 100 m. The best intersections are up to 6.7 % Cu, 6.5 g/T Au and 88 g/T Ag."

http://www.minesite.com/companies/co...

Breaking it down: (using this) http://www.kitco.com/pop_windows/kit...

70,000 Tons

3.6% Cu = $316/Ton x 70,000 tons = $22.12 Million

2.4 g/t Au = $70/Ton x 70,000 tons = $4.9 Million

99.43 g/t Ag = $1764/Ton x 70,000 tons = $123 Million

Again, these are gross metal values and this is not 43-101 compliant.......but notice the total value per ton (how bout that silver!).....$2150/Ton gross metal value total.

Any guesses from anyone on $/ ton cost to mine?

For now, I'm going to use $300/ton cost, that leaves $1850/ton net.......which equals $129.5 million.

Using $600/ton cost, that leaves $1550/ton.......which equals $108 million net profit.

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