anyone worked out costs?, page-33

Hi Fingers

I accept there are substantial areas with grades over .03% but they seem to be indespersed with lower grades.
Mining 18Mt p.a would require an area of 1 sq Km to a depth of 10m every year, which doesn't sound like much when you have 2000Km2 of allevial flats but would tend to average the grade somewhat.

18,000,000 t x .03% = 5400 t x 70% recovery = 3780 t Treo

Which fits in with Pg 26

http://www.stocknessmonster.com/news-item?S=CUX&E=ASX&N=626283

Reo concentrate refining


Nameplate production capacity of 3,500 tpa REO as a mixed RECO3 product


Tonio