MLX 4.40% 43.5¢ metals x limited

Nifty, a few back of the envelope calculations. Mickey Mouse....

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    Nifty, a few back of the envelope calculations. Mickey Mouse.

    There were two Jumbos drilling at Nifty and now another new one has been purchased, making three. If two could dig out enough ore to produce 20k tons of CU,  and so three, assuming all the same size and productivity-don't know- three could produce 30k tons of copper other things being equal. The capacity of the plant is about 40k tons at Nifty grades. Plant is fairly fixed cost.

    Two crews now work 2 weeks on and two off on a FIFO basis, so the miners would be less tired than those in week 3 on the three week on and one off basis, one would think? 

    New ore is delineated at reasonably good grades in areas 6 and 9 right beside historical area to the East. Not a lot of waste to be removed to get at them. Area 9 has some very high grade sections. 

    In the beginning I recall that the two existing Jumbos were put temporarily on safety bolt hole drilling, but production does not seem to have been affected much. 

    I'm not a miner so this is guesstimation,  but wouldn't it be reasonable to think the ore output would go up by about 50% this quarter? 


    Waddaya reckon?
     

 
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