TSXV:MAE - Post Discussion
Post by
nozzpack on Feb 14, 2024 4:52pm
Average Reserve Gold Grade at 1.25 grams per ton
Really, not much change in the head grade of Good Resevres entering the mill over the past 5-6 years which average about 1,25 grams per ton
.
Maritime's HD Mine has a Reserve head grade of 4.5 grams which is why it is ranked in the top 10 % of gold mines based on grade
Operating margins are inversely proportional to head grade ...it costs the same to mine a ton of 1 gram as it does a ton of 5 grams and mill recovery is directly proportional to head grade .....which is why HD mine will have super class gross margins and IRR at 60% or so...
What shocked me was the very low grade of copper mines..about 0.5 %.
It clearly shows that the world"s copper consumption have exhausted almost all of the high grade copper discoveries .
Think of Black Ridge with extensive glacial rock grades above 15% copper equivalent grades .
https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-mine-stripping-ratios-rise-on-high-prices-grades-continue-declining
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