GREY:NEVDQ - Post by User
Post by
thomsonion Jan 02, 2015 9:54am
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Post# 23279282
Cost Savings?
Cost Savings?Phase One Output=6500 TPD Phase Two Output=70,000 TPD Total Mill Capacity Reqd= 76,500 TPD Originally, Phase One was proposed as a "standalone project", and I would assume this would require a 6500 TPD capacity mill. However, with the land bill passing and with the Open Pit permitting expecting to be complete this year, it makes far more sense to construct one 76500 T/D capacity mill to handle both ore streams. Based on input, the underground mine would be required to supply 6500/76500 or only 8% of the larger mill cost now with 92% to be financed by the open pit. I am wondering what the potential cost savings are for the underground mine portion of the project now that the future Open pit mine will have to kick in 92% of the equity for the new mill. So we got the 200my renewed for a standalone mine....but now instead of paying for 100% of a smaller mill, we now only have to pay 8% of a much larger mill and concentrator based on throughput. I have yet to dig out these costs, but I think the savings for a shared mill and concentrator facilty could be very significant. Thoughts?