Tuesday, March 13, 2012 11:51:40 AM
Thanks for finding that info and posting it. It gives us a good estimate of future revenue.
Nothing has been released about the magnesium, I need to research that.
with .36% copper that results in 8.64 million lbs of copper
with .63% magnesium that results in 15.12 million lbs of magnesium
with .32% zinc that results in 7.68 million lbs of zinc
8.64M lbs of copper = at an estimated high cost of $1.20 to process with copper selling at an estimated $3.80 produces a profit of $2.60 per lb. or roughly $22,464,000.
Zinc costs around 20 to 22 cents per lb. to process. Zinc is selling at .92 so lets figure 70 cents a lb profit. 7.68M lbs X .70 produces a profit of $5,376,000.
That total comes to $27,840,000 profits and that is only the tailing piles!
This is what Magnesium looks like. Magnesium is the third most commonly used structural metal, following iron and aluminium.
I do not know if the mine has the equipment to process magnesium but since it is selling at $3.10 they should research the feasibility of producing it with 15,000,000 lbs that would be revenues of over $45,000,000.
I found this:
Magnesium production costs vary greatly depending on the process and location. Although magnesium is the most abundant structural on the earth (including the oceans which have 6 million tons of magnesium per cubic mile and there are 330million cubic miles)..it is not an easy metal to refine and process.
The lowest present costs are in China where the thermal process (pidgeon) is used. Costs as low as US$1100 per metric ton have been reported. This has probably increased some in the last several months due to some internal problems with raw materials and fuel.
The electrolytic plants probably run at higher costs since they use very large quantities of electricity. Some of the lower cost producers are reported to be producing for costs under US$1.00 per pound.
http://www.magnesium.com/w3/forum/read.php?thread=1536
So there lies the potential to add another $35,000,000 in profits!
And again, these are verified ores from 3rd party, ALS Minerals in the tailing piles!
Nothing has been released about the magnesium, I need to research that.
with .36% copper that results in 8.64 million lbs of copper
with .63% magnesium that results in 15.12 million lbs of magnesium
with .32% zinc that results in 7.68 million lbs of zinc
8.64M lbs of copper = at an estimated high cost of $1.20 to process with copper selling at an estimated $3.80 produces a profit of $2.60 per lb. or roughly $22,464,000.
Zinc costs around 20 to 22 cents per lb. to process. Zinc is selling at .92 so lets figure 70 cents a lb profit. 7.68M lbs X .70 produces a profit of $5,376,000.
That total comes to $27,840,000 profits and that is only the tailing piles!
This is what Magnesium looks like. Magnesium is the third most commonly used structural metal, following iron and aluminium.
I do not know if the mine has the equipment to process magnesium but since it is selling at $3.10 they should research the feasibility of producing it with 15,000,000 lbs that would be revenues of over $45,000,000.
I found this:
Magnesium production costs vary greatly depending on the process and location. Although magnesium is the most abundant structural on the earth (including the oceans which have 6 million tons of magnesium per cubic mile and there are 330million cubic miles)..it is not an easy metal to refine and process.
The lowest present costs are in China where the thermal process (pidgeon) is used. Costs as low as US$1100 per metric ton have been reported. This has probably increased some in the last several months due to some internal problems with raw materials and fuel.
The electrolytic plants probably run at higher costs since they use very large quantities of electricity. Some of the lower cost producers are reported to be producing for costs under US$1.00 per pound.
http://www.magnesium.com/w3/forum/read.php?thread=1536
So there lies the potential to add another $35,000,000 in profits!
And again, these are verified ores from 3rd party, ALS Minerals in the tailing piles!
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