GREY:PTQMF - Post by User
Comment by
oullinson Apr 22, 2013 7:02pm
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Post# 21286120
RE: RE: RE: RE: RE: Panama Reserves
RE: RE: RE: RE: RE: Panama Reserves Thanks, almost 100%. I shared it with my wife. The least I can say is that she was not frilled with the present.
I am now relaxing in Santa Fe.
The extraction cost is just what it is, the cost of extracting the ore and putting in in a big nice pile out of the mine. The shipping cost is all inclusive laded at the mill.
total cost should be a tad under $700 That's IMO. The company is targeting lower but I would be very happy with $700.
The plan for the Mill in Spain is for a 1,000 tons a day mill. It will take at least 2 years to build after the financing. Looking at the Spain 3 to 5 years potential it will be too small IMO. What this mean and it is a big IMO is that we will be shipping ore for a long time to come. If you think about it the new Port for FQ will be ready in about 3 to 4 years and with a short and heavy duty road from the port to the mill it will become a lot cheaper to ship from Spain. I also strongly feel that the price of gold will be so much higher 4 years from now that the transport cost will be irrelevant.
cheers