Lets Talk About Ming Costs With the assay results still 3-4 months away, the investmetn bros want to talk abuot mining costs. Well, lets to it!!!
Granted, we have no idea if the will ever mine at Storm. However, some peopel seem to think it is the time to nit pick mining estimates.
So, lets do it. How much do people think it will cost to set up a mining operation at Sommerset island? To frame the argument, lets discuss the capital investment until the mine is comissioned (first commercially processed ore).
I content that we are loking at a minimum of $500m. Its not a scientific calcualtion by any means (again I dont think they will ever mine there). However here are some of the cost I consider to get to my figure. Lets all play along - MARTINDALE - you especially seem to haev something to contribute.
sure. add up a fleet of 100 tonne truck, two shovels, 3 scoops, a maintenance shop.
add a processing plant, a warehouse, a fuel tank of 10-20m litres MINIMUM (heating fuel alone is $2.27/L of heating oil in Cambridge Bay), and the necessary replacement parts
add a camp, a kitchen,a gym
move all this stuff to sommerset island, assemble and you will be over 500m instantly.