Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

Comment by schocoron Jan 13, 2023 3:41pm
49 Views
Post# 35222161

RE:RE:RE:RE:RE:I,ll Give This A Crack

RE:RE:RE:RE:RE:I,ll Give This A Crack Opeating costs (less direct mining and processing) are $195M at Diavik, and $130m anually at EKATI for comparison. I woud lhave like to provide them at TMAC, but these numbers are no longer public to me. 

These are all year operations costs - not seasonal like ASton is proposing - however anything smaller and yuo are losing economies of scale; which is what all mines operate on and the initial point of discussion we entered into on thie mis-sized crusher (that on Tusday wa the best new story at Aston and the REASON this was about to go higher). 

How many tonnes of ore at 2.5% do yuo have to mine to make 1 tonne of 50% concentrate? Even at $15/tonne of ore mined (terrible low number by a factor of 3-4) you are at $375/tonne scooping costs for a tonne of 50% concentrate equivilant  (never mind processing and shipping). 

ONe other point; the SCIENCE EXPERIMENT that these guys performed produced 2 pounds of 53.7% concentrate. Done beat me up about an implied field recovery of 50% given this last statement. 
<< Previous
Bullboard Posts
Next >>