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Gold Canyon Resources Inc V.GCU

Metals & Mining Gold


TSXV:GCU - Post by User

Gold Canyon Resources Inc > question for board
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Comment by Max_Valueon Mar 25, 2013 11:13am
263 Views
Post# 21163172

RE: question for board

RE: question for board

Its always a trade off between strip ratio and ounces. Due to the fact that mining costs are pretty high (7,1$/tonne) the probably have chosen a pretty low strip ratio and have taken a loss in ounces.

Anyway, the numbers are not bad except that the mining costs are pretty high and recovery is not good as well.

Max

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