G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Updates Resource, Reserve & Mining Inventory, page-6

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  1. 10,813 Posts.
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    The silver is pretty minor in the scale of things with Abra. At 18g/t it adds a bit over US$8 a ton while the lead at 8% is worth is US$160/t (assuming a lead price of US$2000/t). It is more a little silver icing on the lead cake.

    The underground mine path also has the potential of not only offering lower start up costs (this will make a big difference on the capital needed to mine), but should also bring down the time until first ore is produced. Both of this will have a significant effect on the IRR numbers.
 
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