' ... company is recovering a little over half a gram of gold per tonne of ore. The company projects that at this rate of recovery of gold, cash costs will be $75 an ounce or less '
This is difficult to believe ... at half a gramme it takes 62,206 kilos of ore to collect one fine ounce of gold - that's a lot of material to dig out and move, let alone process and then deal with piling up the tails out of the way .... even if you got local labour virtually free for a while, nobody gives diesel fuel away, or equipment, or parts for that equipment ... i'd be curious as to just what they're calling 'cash costs' here .... regular mining companies tend to conform to recognised convention in this regard, for clarity
62,206,000 grammes, to put it another way, for each ounce .... trust me, that's an impressive pile o' dirt, considerably more than your average vacuum cleaner salesman will dump on your living room rug to demonstrate his product
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