I will just play the devil's advocate.
The decline development started at the beginning of May 2021.
The first 20,400 tonnes was milled early Jan '22, so there is a large cost in development.
The agreement was to mine down to level 3, maybe FMR was trying to recoup development cost.
The grades improved slightly with each campaign (1) 0.90 g/t (2) 1.48 g/t (3) 1.71 g/t.
The last milling 24,000 tonnes for 1321 ozs * $3,000 = a$3.96m gross.
The final number's from FMR for the trial would be interesting.
Also FMR had an option to mine Burbanks Nth a few months earlier, hopefully this will be mined shortly.AIMO.
- Forums
- ASX - By Stock
- GSR
- Ann: Phillips Find Mining Centre Pit Optimisations
Ann: Phillips Find Mining Centre Pit Optimisations, page-27
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GSR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online