How much did the Heap cost? Run the numbers ppl! :) First I don't have any monetary interest in VGCX, but am and always have been interested (involved :)) in mining. I have read things like this mine is not coming back to a minimum of 13 months which I think is optimistic. Snow is gonna fly in a cpl of month...
They is a lot of speculation on whether or not VG will come back as a viable corporation. There will obviously questions come up after the initial shock is worn off Jusding by facial expressions in the few update meeting YTG is in shock mode. imo Hard questions to the BOD,engineering, cosultants, day to day opreations and instructions along with mine managment grilling come to mind.
That said even if everything is cleared by YTG, etc. to rebuild the mine, there is additional costs involved per m3 of heap leach rebuild to stabilize and make the pad whole assuming YTG and FN allow it on the same spot.
As an aside cyanide is not the only material used in the leaching process. Some of that "other " component does not just evaporate. Anyway here is a esimators process for figuring out cost.
If VG gets appoval to -rebuild and restart the bottom line is it going to come down to $. Eagle is not exacly a high oz per ton mine.
So fines aside, addtinal personel and so forth here is document that is 10 years old but still I tihnk valuable. Proable I would add 50% for increase in global costs and Eagle location.
Then I would double or tripple the numbers to allow for rectfying the exsiting sitution.
It is estimated that 1/3 of the 90mt is in the Gulch and it is also surmissed that some of it went under exisiting placer tailings.
None of the above is in any way scientific just some thoughts
Run some numbers from this report it has basling m3 estimate costs for new and add remediation, investors will see how hard it will be to get this mine up and running again, even if YTG and FH said just put it back in the same location, likely or not?
Look forward all comments and costs by investors.
https://www.911metallurgist.com/blog/wp-content/uploads/2016/06/Leach-Pad-Cost-Benchmarking-for-Heap-Leach-Solutions.pdf