![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, February 22, 2014 11:13:45 AM
My first employment was in 1966, after finishing college and my 4 year military obligation. I spent two years in training to become a professional cost estimator for construction. So, I understand the thousands of factors that have an effect on costs. I've spent a few hours here and there over the past six months reading and learning how they estimate costs for drift mining a placer gold mine. There are books published that are several hundred pages that cover only particular types of cases and each points out how radically different it is from one mine to the other. The whole issue is many parts:
What is required? (partial list below)
.. what crew tasks are involved?
.. number per crew
.. working hours versus paid hours
.. the unit costs per task for what a crew can do
.. what logistical limitations exist
.... feasible tons/ft/sec transit time and return time
.... equipment access and movement time
Try to answer these two questions accurately to see how good you are as an estimator.
1). If one man can roller-paint, prime and finish, and cleanup afterwards the walls and ceiling of a 20 foot long, 2 foot wide by 3 foot high tunnel, in 4.25 hours, then how long will it take 12 men to do that job?
2). If that tunnel were instead a vertical shaft that reached upwards from a ceiling, and the ceiling was 32 feet up from an irregular sloping floor, and there was no other access, and the paint fumes were toxic, and the one man had to do all of the work and paint all 4 sides of the shaft; how long would it take?
The point here is that without a thorough knowledge of the physical layout and the access points and the nature of the channels and shafts and how many miners are assigned to what tasks... etc., nobody can really say with any accuracy what is good or bad productivity. This is why they do time studies. Once you have a few time studies of a few of the different "typical conditions" there then you can do a somewhat accurate productivity projection.
I've read that sometimes those channels are loose enough rock that blasting required is minimal.... once loosened then a miner working a bar brings down many, many tons. Other cases the cemented-nature of the ore requires extensive blasting.
I've read that in the 1920's one miner could haul about 1 ton of ore out of a half mile deep drift mine per day. Yet, in another case with highly mechanized drift mining they could remove over 2,000 tons per miner per day.
How many tons of rock per day are they removing while advancing towards the black channel?
Estimates require meaningful dimensions on as many of the factors involved as possible or they become merely guesstimates or worse, wild speculation.
At this point I believe we are all at that wild speculation stage of estimating.
Recent NBRI News
- North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 06/27/2024 01:00:00 PM
- North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • InvestorsHub NewsWire • 06/18/2024 01:18:44 PM
- North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • InvestorsHub NewsWire • 05/29/2024 01:03:34 PM
- North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • InvestorsHub NewsWire • 05/21/2024 01:07:26 PM
- North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/23/2024 01:41:02 PM
- North Bay Resources Announces Acquisition of 55.5% of Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/08/2024 02:38:35 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM