G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Updates Resource, Reserve & Mining Inventory, page-10

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  1. 23,765 Posts.
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    They seem to have been conservative , with a 5 meter wide minimum mining width so I infer they are not using single boom jumbos , however the 5% Pb cutoff average would be around US$96 a tonne currently which is about 2.4 grams Au equivalent per tonne.
    I find it hard to imagine they could mine break even at 2.4 grams a tonne gold underground but then again they did state there was some room and pillar mining which is loer cost than long hole mining .
 
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