GREY:ABGFF - Post by User
Post by
TheRock07on Oct 14, 2010 8:19am
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Post# 17562792
Another smart move by management
Another smart move by managementThe recently purchased 700 ton per day milling and flotation/gravity plant and building will enable production to ramp up very quickly.
The mill includes a rod mill, ball mill, fume scrubber, flotation cells, cleaner cells, concentrate filter drum, tank thickeners, water storage tank, concentrate ore samplers, cyclones, duplex gravity concentrating jigs, the mill building, control panel and conveyor. The mill does not include a crusher and crusher building, which Bonanza will purchase separately.
Transportation of the equipment is expected to commence during October.
The purchase of the mill is expected to reduce the capital cost of the Copperstone project by approximately $500,000 once transportation, refurbishing and construction are complete. The mill was operated for less than one year and is in very good condition. It comes with a full set of engineering drawings, which will accelerate construction timelines and reduce costs.
The $7 sale of non-core properties should close very soon , which will enable the remaining mill parts ( crusher and crusher bldg ) of the acquired mill to be fully fitted to breast plate capacity and be ready to roll early in 2011 .