GSR 0.00% 1.1¢ greenstone resources limited

cost, page-6

  1. 208 Posts.
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    All good.

    The exact numbers are in the SS, although they will change/improve as they are working on advancing recovery grade, etc.

    Drawing figures just out of memory, so pardon me for possible inaccuracies:
    The ore contains ca. 0.12% Co. Recovery stands at about 75%. That makes 0.09% out of a ton net. The concentrate would be like 80% Co contained. They have to process about 900t of ore to get a 1t of 80% concentrate.
    At $43/t, it will cost them ~ $38k to produce 1t of Co concentrate sellable for ~$80k excl. shipping, capex, etc.
    Still pretty sweet margin and it doesn't include possible extras for Nickel & Manganese.
 
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