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Hi Cash15 grams/tonne Ag equates to USD as follows: 15/31.103...

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RoyE

133 Posts.

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17/02/19

12:03

Post #: 37462027
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Originally posted by Cashmeoutside: ↑

I'll try again...

It's a
lso worth noting that at US$3/lb Cu a 0.4% cutoff means just $26/t revenue (that is ore grading 0.4% only gives you $26/t and that assumes 100% recovery).

The PFS cost estimates were for $30/t so its hard to see them using a 0.4% cutoff they may need to go with a 0.5% cutoff ($33/t revenue at $3/lb)... will depend on whether they can cut costs and Ag credits not included (could add $5/t in revenue)...all to look forward to.

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Hi Cash
15 grams/tonne Ag equates to USD as follows: 15/31.103 grams per troy oz = 0.48 oz Ag/tonne
Ag price $15/oz so silver value per tonne USD 15*0.48 = USD 7 per tonne.
This is based on 100% recovery however one would reasonably expect based on these numbers that Ag credits would add minimum USD 5/tonne to revenue.

MOD Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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