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1.9¢ new world resources limited

Ann: Maiden Drilling Program Commences at Discus Copper Prospect, page-22

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46 Posts.

22

09/01/24

10:16

Post #: 71788132
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Originally posted by plough: ↑

Actually that report shows mining cost of $23 .48 a tonne (shown under Table 1) personally I do not believe it , although Mr Friedland is normally on the money .
The mine Tpa is around 7 times as great as Antler which probably gives some economies to scale ie they are using a conveyor to bring ore to surface , and given they are using a Road header (Tunnel boring machine ) I am guessing the rock is not hard guessing under 200 MPA which would keep costs down .
It also states they are using drift and fill as well as open hole stoping like at Antler , Is drift and fill a type of cut a fill if so it would not be cheaper than open hole stoping ?
Friedlands mine has terrible metrics , IRR under 30 guess it works out ok because the mine looks to have about a 10 year LOM or more .

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This clip suggests drift and fill is similar or same as cut and fill...so agree not cheaper than open stoping.
https://youtu.be/M9A_Gybcf3U?feature=shared

NWC Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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