RE: RE: LBE Defamation, Yeah Right -- The LBE TrutSome numbers to consider
1500 tonnes a day x .75% x 28 days a month x 85% recovery x 2205 x ($10.5 - $4.50) = $3,542,332.50 per month
1800 tonnes a day x .75% x 28 days a month x 85% recovery x 2205 x ($10.5 - $4.50) = $4,250,799 per month
if the grade is a little higher
1500 tonnes a day x .85% x 28 days a month x 85% recovery x 2205 x ($10.5 - $4.5) = $4,014,643 per month
1800 tonnes a day x .85% x 28 days a month x 85% recovery x 2205 x ($10.5 - $4.5) = $4,817,572 per month
If the recovery is a little higher
1500 tonnes a day x .85% x 28 days a month x 90% recovery x 2205 ($10.5 - $4.5) = $4,250,799 per month
1800 tonnes a day x .85% x 28 days a month x 90% recovery x 2205 ($10.5 - $4.5) = $5,100,958 per month
I only took 28 days a month to play it safe for maintenance on the mill I did not us and US exchange rate but at this point it would add a little to cover some administrative expenses and I think our target cost of $4.50 US a pound includes the credits for copper, gold etc? But I am not sure.
So we have a range of $10,626,997 per quarter to $15,302,874 so as you can see with a GOOD quarter we can make some fairly big payments. Now lets take a look at Hart as the grades are much better.
1500 tonnes a day x 1.25% x 28 days a month x 90% recovery x 2205 ($10.5 - $4.5) =$6,251,175/mth $18,753,525/quarter
1800 tonnes a day x 1.25% x 28 days a month x 90% recovery x 2205 ($10.5 - $4.5) = $7,501,410/mth $22,504,230/quarter
Now that we are through the low grade at Mcwatters we should be able to average .75% grade from here on. If we can use Mcwatters to pay off our debt then we can make a ton of money on Hart. I also see a lot of analyst are predicting nickel to get close to $12 in the coming months all help our cause.