OTCPK:MEAOD - Post by User
Post by
JRaffleson Feb 06, 2012 12:09pm
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Post# 19494977
$4m plus from Barry
$4m plus from Barry Assuming the gold price of $61.73 /g - converted from $1750 ounce.
$ 77.16 – gold revenue per ton Barry ore @ 1.25g /t ($61.73 x 1.25)
$ 20.00 – all in transportation costs per Metanor
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$ 57.16 – Profit per ton ore before mill consumables @ 1.25g grade.
The mill capacity is 1250 tpd. Therefore, assuming 300 working days per year, this amounts to 375,000 tons mill throughput per year.
Say, 75,000 tons from Barry @ $57.16 contribution = $4.2m (mill overheads paid by BL)
It is agreed that a concentrator will be more efficient, but until that is paid for ...... however, a $4.2m contribution from Barry ore will go a long way towards funding a concentrator.
In practice, Metanor will be well informed on the higher grade areas at the Barry pit and could probably increase its hauled ore grade well above 1.25gt.