GREY:GLBCF - Post by User
Comment by
martinishakeron Jan 23, 2014 11:26am
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Post# 22125206
RE:RE:RE:RE:What are Commercially Viable Cobalt Grades?
RE:RE:RE:RE:What are Commercially Viable Cobalt Grades?Yes you are correct. That is what I meant. The cobalt equivalent is .4 percent with adding by products. We wont get 100 percent recovery. That being said assuming we do... it is 100 dollars a tonne. 4 kg x 25 dollars... 100 dollars per tonne is marginal, but bulk mining would have to be employed to make it feasible. This is only my 2 cents. I may he very wrong, but there is a lot of very over hyped comments on this board and some observers may be mislead. Most of the intercepts are something like 211 meters to 214 from the nr before this. I don't know for sure it isn't open pit... but it may be a lot cheaper to sink a shaft for 211 meters. If the deposit went 211 meters to say 400 then it would make more sense for an open pit.