Ursa Major Minerals Incorporated T.UMJ

cost breakup

[bmann025]

Hi,

in Q3 umj received revenue of about 110 $ / ton at production cost of approx 35 $ / ton and a remaining operating profit of approx. 18 $ / ton.

Could anyone comment or estimate which additional cost make up the difference between these numbers ?

[throughmud]

My take:$35 / tonne is the mining production cost at the minesite.Additional costs that are incurred for haulage to Sudbury and processing the ore by XStrata make up the predominant difference.Having a mill on site, when feasible, would increase the income significantly.mud

[cupricity]

Imagine if we did have a 1000 tonne mill on site. We could likely triple our profits for a net revenue pretax of 20 million a year with a fifty year life. I vote for finding a used 1000 tonne per day mill and setting up support tailings etc to deal with it. My guess is this could be done for less than 30 million- about a quarter of the cost of a 4500 tonne per day mill. As per the comment on our

[capiche]

Great post Kitco has a great tool to calculate insitu values https://www.kitco.com/pop_windows/kitcorockcalc.html Shakespeare & Shining Tree are equivalent to 2.2M ounces of gold! Name another junior miner with profitable production and a resource of this size and a MC under $10M. Gotta love it. I understand they are launching a pr campaign so that should get the story out