RE:RE:RE:RE:The History in TimeThe average all in cost per pound for an underground mine is meaningless. One might be .65 a pound one might be 1.65 so the average cost so the average cost is like 1.15 so the one at .65 is making a killing the one at 1.65 is actually losing money..... They vary widely depending on so many factors not including such things a mettalurgy, location, widths, even weather. You can use some rule of thumbs but again not vary accurate but give you an idea when something is stupidly ridiculous! For example generally narrow width underground mine can be 3 time more costly than a similar grade open pit. Needless to say that refers to operational cost only as all other costs are often the same.
Lots of variables to look at for this one but hard to even put a finger on it with no resource classification which is why all the fools who say the company has no intention to do a resource the grade is so high and the mine is so great it would be a waste of money. I guess that is why is is at .30 lol. I enjoy a good laugh when I see these fools put these massive (pun intended) resource and valuations!