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Re: Ed Monton post# 24

Wednesday, 02/12/2003 9:41:31 PM

Wednesday, February 12, 2003 9:41:31 PM

Post# of 108
That resource is about 26 bucks Canadian per ton recoverable in gold, and perhaps 15 dollars per ton silver. You may be able to recover 10 bucks in silver CDN. So 18 buck ore. You have to open pit, rip and heap leach. Mine could cost 10 to 15 million.

2.26 grams X .65 gold (recovery) = 1.469/31.103 X 350 = 16.53 US
101 grams silver =3.24 ounces X .65 = 2.11 ounces. = 9.50 US.

Total home is $26.00 US

Don't know about that.

Costs are around 2- 3.00 per ton for capital cost and about 5 to 7 dollars for throughput.

EC<:-}



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