GREY:RNKLF - Post by User
Comment by
Newfish21on Nov 19, 2019 6:46pm
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Post# 30371672
RE:Engineering study for a likely ore sorter future acquisition
RE:Engineering study for a likely ore sorter future acquisition2 500 000 (sorter cost) + 5 000 000 (mill modifications) = 7 500 000
$7 (shipping cost per ton) + $29 (mill per ton) = $36 saved per ton
$7 500 000 / $36 per ton = 208 334 tons to pay off sorter
208 334 tons = 20% waste rock, therefore
208 334 x 5 = 1 041 670 tons would need to be sent through sorter
1 041 670 / 45 000 tons per month = 23.15 months, or a little under 2 years.
Very conservatively, with numbers 'pulled from the top of Paul Huets head', the sorter would pay for itself at maximum two years time.
It doesn't take an engineering report to understand how accretive this purchase would be. $$$
It is also worth noting, ore sorter would produce less wear and tear on the mill, therefore there would be less breakdown/preventative maintenance, a longer mill life and even more dollars saved than as shown by this very simple, very conservative estimate.
Less than a week until we come close to the course gold target zone (based on our stoping scale estimates), GOOD LUCK all RNX. longs $$$