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Re: None

Tuesday, 05/21/2013 4:41:25 PM

Tuesday, May 21, 2013 4:41:25 PM

Post# of 72908
this is my estimation of what could be.
let say they are mining 100 ton/per day.
from this 100 ton, we have ore and waste + dilution because you can not mined just the sb vein. let us be conservative and say that we have 1:1 ratio ore and waste also (from Fencemaker Drill Report 43-101)2,92% has an average grade. so that means we have extracted per day only 100*0.5*0.0292 = 1.46 ton of sb.
with a 40% recovery this leave us with 0.584 ton of sb worth 10000$/ton `so we get 5840$ per day. minus production expenses of 5000$, that leave us with on 840$ per day .

by the way, i'm a mining engineer and all of this is speculation because we are missing to many variables.

any comments are welcome.

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