How Pine Cove Mill Produces 100,000 ounces of QWNThe Pine cove million has a production capacity of 450,000 tons per year.
Upgraded Gold recovery is 98%.
QWN open pit assumptions
1...grade is 7.5 grms per ton
2..gravity concentrator eliminates 40 % of waste ore
3..milling grade becomes 7.5 gms ** 1.40 = 10.5 gms per ton
4..@ 98% recovery , produced grade is 10.3 gms per ton
That is, for every 3 tons of separated ore entering the Pine Cove mill, one ounce of gold is produced.
In other words, to produce 100,000 ounces of QWN gold, the Pine Cove mill will use just 300,000 tons of its annual capacity, leaving 150,000 tons per year for its own production.
This will be very low cash costs, as Pine cove has all of the infrastruture facilities including long life tailings ponds , its local mining crews and trucking options .
In fact, QWN could contract out to Maritime its full mining operations at QWN.
As backup, upgrading its Nugget Pond mill with a new comminution circuit etc can produce about 250,000 tons per year, for a total spare capacity of 400,000 tons per year for its own .
Just saying again ..
@3500 CAD per ounce ,