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Sunday, March 28, 2021 9:54:10 AM
At 2 grams per ton = 3.2 troy oz per day = $5564 - $3200 to mine it = $2364 net profit for one day...they'll have reconfigure to handle at minimum 500 tons per day...
At 3 grams per ton 50 tons would yield 4.8 ounces per day = $8347 - $3200 to mine it = $5147 net profit...so there is a HUGE difference between 2 and 3 grams per ton of ore...
Add to it availability of electrical power and water required...there is a river nearby Navidad...they also have to get HUGE quantities of fuel and oil to the sight on dirt roads...
Have you ever even seen a mine operation? I have...I have worked in remote locations all over the world...infrastructure is directly related to profit and the ability to operate successfully...
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