RE:RE:RE:RE:RE:RE:RE:RE:Down 15% over 5 days... Now lets fix this bad math. Everyone knows a troy ounce is 31.1 g Not 28.3 SO
15gpt x 2000tpd = 30,000g divid by 31.1 = 964oz per day x avg 1250oz = 1,205,000 x90 days is $108,450,000
Quite a difference in $$$ for one little over sight
ML_Geo wrote: 15 grams avg x 2000 ton per day = 1,058 oz per day avg 1250 per oz = 1.3 million
does my math add up? 1.3 X 90 days = 119 million.. we all know thats a perfect daily.
Above is a very optimistic outcome. With current state it would be more like:
12 grams avg x 2200 ton per day (they will push mill nameplate) x .80 recovery = 640 oz per day avg
avg $1250 per oz - AISC of $700 = avg $550/oz
640 oz day x $550/oz x 90 days = $32 million
Steady state production with recovery >80% has not yet been demonstrated by TMAC, plus no one really knows what the AISC will be.