Hi Stoops,
Due to my error in calculation of the head grade of the alluvium, my ore in ground value becomes $12 to $15 a tonne instead of $120 to $150. However CUX values their TREO at $US47/kg. At 0.02% REO grade this values a tonne of ore, on their own figures, at $US9.80. If you're only going to recovery 70% of it then your earnings, at maximum, for that ore becomes $US6.86. If we take their $100/kg figure this calculation becomes $14. Again, I haven't included the Zircon, which makes everything look better obviously.
At $2/tonne to mine then that's a lot of your sale price gone before you've even done anything to your ore.
A 20MTPA HMS plant isn't very mobile either.
Sorry Stoops, but I'm a non-believer.
race to the finish line, page-48
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ENV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.53M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $8.846K | 804.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2724404 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 909090 | 1 |
View Market Depth
| Last trade - 12.45pm 12/07/2024 (20 minute delay) ? |
| ENV (ASX) Chart |