RE:RE:Profit from a 50,000 tonne bulk sampleHi bossu,
You are quite correct. The 20 days used are for an ideal situation where JIT (just in time) daily delivery is achieved. Digging and transportation are just perfectly timed to deliver to the mill to feed it`s demand for the day, for a total of 20 days, which could be looked at as a minimum time available for producing the ozAu from the 50,000 tonne bulk sample. They could stockpile the ores and transport the stuff to the milling site... using various options.
As far as cost to produced the Au from the bulk sample is concerned, 50% is just an arbitrary (and conservative, i.e. max, in my view) assumption... just to introduce the fact that profit would be less than the total revenue based on the PoG of C$1700 per oz. Any reduction in the production costs (or increase in PoG) would be gravy on the top of the assumed value.
Would be interested to see your best guess for the profit.
GH