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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Comment by The_Alchemiston Jan 10, 2017 9:50pm
130 Views
Post# 25691855

RE:RE:RE:RE:Impressive News

RE:RE:RE:RE:Impressive NewsTad, your wrote:
“As per Dynasty Goldfields EIS …. (no longer available online for some reason)
 
Assuming maximum transportation cost $450 per truckload
Assuming 25 tonne truck for transportation.
Assuming $30 per tonne processing cost.
Assuming $5.00 per tonne Administration costs
Assuming 20% dilution in resource grade from waste rock
Assuming Green Oil pay full costs of development and mining
Assuming Proportional Transportation and Mining Costs
 
$450 X 65% DMM share = $292.50 per truck / 25 tonne = $11.70 per tonne
$30 per tonne processing cost X 65% DMM share = $19.50 per tonne
DMM’s 65% share of transportation and processing cost = $31.20 per tonne
DMM administration per tonne = $5.00 + $31.20 = $36.20
 
DMM costs per tonne $36.20
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.dmm&postid=25686692#oexzic99rZeb7RKG.99
 
Correct me if I’m wrong, but Green Oil responsible for the full cost mining, and of transportation of the ore to the mill. 
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