RE: News Today!Excellent news.
1. If you get ~90% MORE Mo/ton hauled (less waste rock) you need ~45% less ?leased? trucks... and the associated fuel AND manpower costs...
2. Milling costs per ton of rock also fall ? ~40% ? since you now get ~90% more Mo/ton milled.
3. Slight increase in costs for crushing/screening on site, so I'd agree with stockchimp except it should affect ALL major costs...
The ~20.00/ton estimated costs DROP MASSIVELY by ~40%... 20 * .6 = 12.00/lb Mo...
VERY NICE !!! (hint: 23.50 - 12.00 = 11.50 PROFIT per LB Mo !!!)
OR
Profit/ton hauled/processed goes up dramatically as the costs plummet at the CURRENT PRICE...28? 30? 32? 35?
wow.
Board members... who cares as long as they are doing these kind of optimizations and making it happen! (as IzY stated, thats one less salary for a while... maybe thats the $$$ for the crushing/screening equip
and puts an worker on it who's doing work on site rather than sitting in a office. )
p.s. ~.12 % mo/t goes up to .228 % (2000 lb/t * .228 = 4.56 lb/t)
23.50 - 12 = 11.50/lb Mo profit * 1000 tpd @ ~4.5 lbs Mo/t (4500 lbs)
11.50 * 4500 = 51,750.00 / DAY PROFIT AT 23.50 !!!
* 30 days/month = 1,552,500.00 / MONTH PROFIT.
* 12 = 18,630,000 / year...
Note: The #'s above are based on 23.50 Mo...not 30...
Sure helps to have a Mill and Mine PRODUCING...