Post by
Jaskula on May 19, 2023 3:47pm
Economics
The only concern with Tudor is economics, processing cost now jump to $38 per tonne plus mining $10 per tonne, if we add tailings disposal at $10 per tonne (they may be forced to use filtered tailings) then the cost suddenly can jump to $58 per tonne or around $1800 / oz. Not much left for profit.
Comment by
Jetstream1281 on May 19, 2023 4:16pm
Something wrong with your math.....$58/ton with 1g/t is about $1650/oz......
Comment by
Jetstream1281 on May 19, 2023 5:04pm
Average cost of producing gold in 2022 was $1276/ounce. That will be on much richer deposits than what we have. If we could produce for $1650 off of a refractory deposit I think we'd be doing quite well to be honest.....
Comment by
Jetstream1281 on May 19, 2023 5:05pm
But I have a sneaking suspicion that when this third batch of latest results comes out it's going to change everything for us....
Comment by
Jetstream1281 on May 19, 2023 5:10pm
That would give you $ 10 billion in profit at today's prices with what we've got so far.
Comment by
Krammer000 on May 19, 2023 8:56pm
Lol. Hahahahaha!!!!! This could be mineable and profitable at 0.3g/tonne. at $2000/ oz. Capex will be low for the elephant size deposit we have. Can't wait for PEA to come out. Can you say blue sky. $2300 is forecast by end of the year. Just chillin an relaxing til then.