RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Copper priceIn all fairness I will thank you for at least responding that much is appreciated... now as to profanity I have enquired about why words such as dipshit and bullshit are allowed yet carp( middle two letters reversed) isn’t allowed, no response from SH so apparently dipsht is not considered profanity.. that said let’s move on to your hugely erroneous calculations, you sure you were an accountant? Cause with your poor calculations it leaves me with a lot of doubt about that... anyway
A...copper is $9071 US PER TONNE so a 50% concentration has a value of $4535.50 not $2000 as you try to propose, right there you have shown your ineptitude, a 53.9% concentration would have a value of $4880 ish US per tonne..or $6580 ish CAN,
B.. you are correct that a 2.5% CU would require 1.8 mil tons to get 45,000 tons but those tons would be solid copper... not 50% - 53.9% big difference.. 45000 tonnes at 53.9% concentrate is $220,000,000 not $90 mill... also if it were as you are proporting 45,000 tonnes the value would be $408 Mill not as you state $90 million.. really guy with numbers like yours it’s no wonder the previous companies didn’t think there was any value there....
C... let’s move on to their tiny sorter machine.
STEINERT KSS | XT CLI It is a combination unit, capable of handling a throughput of between 5 t/h and 100 t/h with a 1 m working width. So this little beauty can sort between 96 and 2400 tons of material a day, and you can bet AMW will be going 24/7 while there.. from their testing it showed they were getting over 10% of the crush run at the 53.9% concentrate about 10.4% to be more exact, so to get the magic number you chose of $90 million, we only need just under 20,000 tons at 53.9% concentrate, and that means crushing only 200,000 tons of material... (using AMW’s number and representative percentages...). So all being equal in a say 100 day season they should crush between 9,600 and 240,000 tons with the one machine.. I quite imagine they would bring in at least 2 of these, if it were 5 sorters, and with over 10% of the crush run being DSO material they can conceivably run a million tons in a season..(what would it be if they brought in 10 sorters?) that would give them 100,000+ tonnes of concentrate worth $4880 US a Tonne as of today, in their 100 days. So about $488,000,000.. US or $650,000,000 ish Canadian..numbers are wonderful when you know how they work.. D ..
so to say this is not feasible is a huge overstatement.. please do check my numbers.. as to capital costs I’m sure that their accountants have their numbers correct and have already figured out the budget needed to get this set up and running.. GLTA Actually Invested ..
schocor wrote: martindale wrote: schocor wrote: If yuo are rationalizing around an outside, seasonal procesing plant........you have already lost the debate on economies of scale.
You might not realize this Goldy - how could you given the ignorance - but you clearly do not know what yuo are talking about.
WTF are you talking about dipshit? Nobody is rationalizing anything....how has anyone lost a debate? You would first of all have to have one....so far you have done nothing but make unsubstantiated baffle gab...you have stated you know something about numbers... PROVE IT,
A . How much ground does American West have to concentrate to make a profitable trip to Finland..?
B. How many tons is indicated in Seal/Storm of : CU.. AU...Z...we will only deal with those for now.
C. Goldy so far isn’t the one that doesn’t know what they are talking about.
D Answervthe first 2 questions and we can talk... ..
Do remember the new profanity rules there martindale.
How many seasonal copper mines do you know of? In Northern Canada how many seasonal mines have there EVER been? Well thats what Aw1 and Aston are proposing on Sommerset. Does this make sense to you? Of course it doesnt.
Storm is not a serious project as evidenced by their poorly thought our processing plant proposal; something which the clappers and yuorself settled on as this weeks talking point. Why?
My point, is to point out how stupid a plan it is and how silly it is to try to pimp THAT plant as the reason THIS stock is heading up.
Copper concentrate at 50% has a value of $4000 per tonne. You need to mine it, process it to 50%, ship it, proces it to 100% and sell it. Even at 2.5% copper, that far north, you are not loking at a 50% margin on your concenrtate production - but lets pretend that margin is 50% for easy argument sake.
50% of $4000 concentrate value is $2000 per tonne of concentrate (again this is GROSSELY OVERSTATED) . Assuming a seaconal cost of $90M, yuo would need to create 45,000 tonnes of concentrate to COVER that annual cost. THis means at 2.5% copper yuo woudl need to run and process 1.8M tonnes of ore and run it through that tiny gravel jig ANNUALLY. For comparison, Ekati mine does 2.4 million tonnes per year as a year round seasonal operation, however thier annual cost is $185 million per year and they are connected via a road..
None of these calcuations above cover the caiptal costs - and they shoudltn. Because NOBODY IS GOING TO INVEST IN THIS.