Tweet, page-3860

It quite obvious from start Graphex project was in trouble...No one needs to be an expert to work out low grade projects are not viable...A mathematician could have easily calculated the demise of low grade projects...

General formula m(r+1)/g + p/g

ROM of mining per unit ton m(r+1)/g
ROM of mining is a little more friendly as this cost is day by day cost...

Processing per unit ton p/g (Upfront cost)
This is a nasty cost that needs to be as efficient as possible. Once the plant is built you are bound by this cost un till you can pay the project down....Or have the burden of a ware housed project...

Project At 800 tons per day 17.9% TGC

ROM mining cost per ton unit US$3.14+(4.4+1) /17.9% = US$33.30
Processing cost per ton unit US$27.56 / 17.9% = US$154
ROM Ming cost US$33.30 + Processing cost US$154 = US$187.30
800 tons per day x 300 days x 17.9% x 90% recovery = 38,664 tons
Revenue US$59,155,920
Mining and Processing cost (187.30 x 38,664)= US$7,241,767
EBITDA US$51,914,153
Life of mine 24 years EBITDA US$1,245,939,672

Processing cost per ton unit is stagnate to grade....

Processing cost per ton unit US$27.56 / 15 % = US$184
Processing cost per ton unit US$27.56 / 17.9% = US$154
Processing cost per ton unit US$ 27.56 /23% TGC = US$120

What's your processing cost per ton unit....?
What's your mining cost per ton unit...?

Regards Croc