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Early,

My calculation is based on Gillion alone.

The International Tin Research Institute (ITRI) has reported: “The indicative break-even prices were calculated by Metals X Ltd, which, in its latest quarterly results, reported head grades of some1.6% Sn at the Renison mine, with cash operating costs(C1) of some A$10,000/t US$10,377/t) and full costs including depreciation and amortisation (C3) of a little over $16,000/t. For projects with an average grade of 0.4%,break-even prices are likely to be over A$30,000/t,unless they have significant co-product or by-product values.”

“For projects (open cut) with an average grade of 0.4%,break-even prices are likely to be over A$30,000/t,unless they have significant co-product or by-product values.” And from the diagram, for the tin price $23000, break-even grade is 0.6%.

CSD average grade is 0.6%, Its major assets is Gillian with 3.0 Mt@ 0.78% Sn and 29.72% Fe. Its weight and Volume is close to “Direct Shipping Ore” or “DSO”, using a relatively simple crushing and screening process before being exported for use in steel mills. While tin is co-product or by-product.

With near surface open cut, drill and blast, excavator digging and truck hauling, the average strip ratio will likely be 4 or 5:1, and that 3 excavators and approximately 6 dump trucks (50 tonne capacity) will used to transport mineralised material annually.


Cheers!