Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lachlan Star Ltd T.LSA


Primary Symbol: LSLCF

Lachlan Star Limited is an Australia-based copper and gold exploration company. The Company is focused on the discovery of gold and copper resources across a portfolio of early-stage high-potential exploration projects located in central New South Wales. Its projects include North Cobar, Junee, Bauloora North, Koojan, Killaloe, And Princhester. It holds a 100% interest in the North cobar project, with a focus on gold-copper and lead-zinc-rich deposits. The North Junee Project is located within the Gold-Copper Heartland of Australia, a region that contains over 110 Moz gold and 19 metric tons (Mt) of copper. The South Junee project, situated approximately 60 kilometers southeast of the Junee project, lies within the Lachlan Fold Belt. The bauloora north project is situated east of the township of Temora in central New South Wales. The Killaloe Project, located in southeast Western Australia over 600km east of Perth and 20-30km northeast of the historic gold mining town of Norseman.


OTCPK:LSLCF - Post by User

Comment by goldpigon Jun 06, 2013 8:46pm
99 Views
Post# 21494962

RE: RE: RE: RE: A Great Turnaround Story

RE: RE: RE: RE: A Great Turnaround Story

Just trying to understand rock's numbers on mining cost reduction due to lower strip ratio and I think I have it firgured out.

Waste mining cost $2.20 per ton in the first quarter, and there was 3.6 million tons of waste for a total cost of about $7.90 million. There was 1.3 million tons of economic ore.

If the strip ratio was 1 to 1 in the first quarter, only 1.3 million tons would have been waste, so the cost would have been reduced to $2.9 million, for a savings of $5 million.

Thats close to rock's numbers.

That would have reduced first quarters  costs from $17 million to $12 million which is a huge savings.

Add the other factors and it is easy to see how total mining costs could be substantially lower for 2013.

<< Previous
Bullboard Posts
Next >>