Not so sure. Tropicana shows economic at 0.7g/t. Just depends on scale and a number of other factors.May be wort ha $, and may not.
Cheers.
The Ore Reserve has been estimated above the economic break-even cut-off grades presented in the table below. The cut-off grade are calculated at the nominated gold price of US$1,100/oz and an exchange rate of 0.77 US$/A$ which is equivalent to A$1,436/oz, as per the corporate guidelines - Excom economic assumptions proposal V4 Ref[9].
Due to the relative small volumes of some of the material types, forcut-off grade calculation purposes, 2 groups were created, Oxide and Fresh. This also facilitated a practical and ease of operation consideration.
Regolith Gold Cut-off (g/t) 1 Transported
Upper Saprolite
Lower Saprolite
SapRock
Fresh Rock0.5
0.7
- Forums
- ASX - By Stock
- MGV
- Ann: Diamond Drilling Confirms Significant Gold Discovery
Ann: Diamond Drilling Confirms Significant Gold Discovery, page-12
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online