silver mine operating cost: $ 6.54 / ounce

from today's announcement;

Nimbus silver mine operated from 2003 to 2007, producing 3.6 million ounces of silver at an average grade of 352g/t silver (11.7 oz/t).
• Nimbus Statistics (2007):
? Tonnes Processed: 318,992 tonnes
? Average Grade: 352g/t silver
? Production: 3.616 Million ounces of silver
? Operating Cost: $ 6.54 / ounce
? Average Price: $ 9.07 / ounce
? Current Price: $ 32 - $ 37 / ounce silver (30 day range)
• Nimbus had various additional silver and polymetallic deposits in the advanced stages of exploration.
A review of the historical project economics has shown that the cost curve from 2007 has remained relatively flat, whilst the silver sale price is 400% of that obtained by the operations.

MacPhersons Resources Managing Director, Morrie Goodz, advised:
“The drilling program continues to provide ongoing results which are currently being compiled for a JORC compliant resource update in line with MacPhersons’ presentations with the Diggers & Dealers Forum to be held in Kalgoorlie in August.”

silver lake resources all over again...