Surprise in store, page-26

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Troydt

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25/11/20

07:20

Post #: 49118748
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Originally posted by Chaser01: ↑

I have had a look at the Company’s Yarrabubba opportunity and given they are promoting this as being “Low Entry Project” I thought I would spend the time to run the numbers below.

Items to Consider:
If they have to grind to 32um - the cost for capex and opex of milling will go way up - typically an exponential energy curve. My estimate is for a 75um grind.
Very difficult to ship a material at 32 micron material realistically.
In addition to high mining costs in a very tight pit, the long haul adds significantly mining costs - 21KM by the look of things.
First few years would be expected to have much lower mass recovery - oxidised ore in LIMS, not considered in model.
Would have to transport waste across Gazetted road as they have no place to put it on the site – not in model. This means huge costs transporting material from haul truck to quads and back to haul trucks – just not even practical.
Model is most sensitive to Strip Ratio and mass recovery.
Operating cost around $175/t – this is probably very conservative considering I didn’t add many of the other costs identified here because I don’t even have a comparison to try to estimate it.
Concentrate is not likely to fetch more than $130.

We need some luck with this as it seems a long shot.

All IMO
DYOR

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The specification for domestic Chinese is as per the table for IO 66%ffe concentrate. I am guessing TMT will be around these marks maybe slightly short.

The specification for the IO concentrate is as stated! This is for china domestic market but I am sure it would satisfy the international market also via direct shipping into port

Your guessing does not line up with the facts

Last edited by Troydt: 25/11/20

TMT Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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