The moment you go underground the cost goes up ~ x3.
So Gossan's are synonymous with copper. They are doing, around the world, open cut with 0.5 - 0.7% Cu and undergound with copper equivalent of ~1.5 - 2% Cu (inclusive of gold). If they find a copper deposit grading 5.5% at surface, it's highly profitable (that's the kinda thing that will unleash the animal spirits via the share price)
- Forums
- ASX - By Stock
- MYL
- Ann: Chairman's Address to Shareholders
Ann: Chairman's Address to Shareholders, page-5
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)