MGV 2.74% 35.5¢ musgrave minerals limited

To make it economic guess you would need to get more than 4...

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  1. 23,765 Posts.
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    To make it economic guess you would need to get more than 4 times the price of putting a decline down 200 meters below a pit of say 100 meters in depth and assume the pit is economic so no overburden cost.
    SO guess a 5*5 decline would cost $6000 a linear meter * 1/9 grade = $54000 a vertical meter
    54000 * 4 = $21600 in revenue needed per meter or about 135 OVM.
    135 * 200meters = $27 k oz
    Never worked it out this way before so welcome to be shot down in flames.

    footnote 5*5 =e 25 meters * 1 = 25 cubic meters * SG3 = 75tons per linear meter * $40 a ton = $3000 a linear meter plus add on some for ventilation shafts etc
 
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