Revenue from Concentrate SalesI attempted to determine the revenue on their sales of 1000 tonnes of Concentrate from both sites (not including the gold pours occuring onsite and the revenue they get from that).
EVBC Concentrate Revenue:
- Concentrate grading - 22.3% copper, 32g/tonne of gold, 332g/tonne of silver
- Conversion rates of grams to ounces ( 0.035273 grams = 1 oz)
- Recovery rates of 80%
Copper - 2,204,000 pounds (i.e. 1 tonne) * 22.3% copper * 80% recovery rate * $4/lb = $1,572,744
Gold - 32g/tonne (or 1.219oz per tonne or 1,219oz in total) *80% * $1600oz = $1,560,320
Silver - 332g/tonne (or 11.71oz per tonne or 11,710oz in total) *80% * $40/oz = $468,400
Total - $3,601,464
UMZ Concentrate Revenue:
- Concentrate grading - 42% copper, 28g/tonne of gold, 750g/tonne of silver
- Conversion rates of grams to ounces ( 0.035273 grams = 1 oz)
- Recovery rates of 60%...from MDNA
Copper - 2,204,000 pounds (i.e. 1 tonne) * 42% copper * 60% recovery rate * $4/lb = $2,221,632
Gold - 28/tonne (or 0.9876oz per tonne or 988oz in total) *60% * $1600oz = $948,138
Silver - 750g/tonne (or 26.455oz per tonne or 26,455oz in total) *60% * $40/oz = $634914
Total - $3,804,684
Total for both - $7,406,148
Does this sound about right?
yogi.,..