MGV 2.74% 35.5¢ musgrave minerals limited

Not so sure. Tropicana shows economic  at 0.7g/t. Just depends...

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  1. 8,751 Posts.
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    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.


    RegolithGold Cut-off (g/t)
    1Transported
    Upper Saprolite
    Lower Saprolite
    SapRock
    Fresh Rock
    0.5


    0.7
 
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