BAY bee example provided by Sandfire.. Sandfire..
From Nov 4 2011 news release.
"With the shipment of our first high-grade DSO expected during the secondquarter of next year, it is appropriate that we have sales arrangements inplace first for this aspect of the project," said the company's managingdirector Karl Simich.
A definitive feasibility study has indicated that DeGrussa could produce 77,000 mt/year of copper at a cash operating cost of AUs $1.02/lb ($1.08/lb) in its first three years of operation, based on an initial minelife of seven years with potential for expansion.
Keep in mind copper was $3.40 ish a lb at the time.. and again the first shipment was only 6600 tones at 30% concentrate.. $13 million. go check out their current share price.. BAY/AWM could very well be the next Sandfire... we will see.. even if that cost was double for BAY with copper at $4.00 ish a lb that’s almost a 50% profit margin.. not bad in my opinion..Shhh don’t tell the rear admiral and his tool...lol