MII meridian minerals limited
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  1. sydney6791
    6,348 Posts.
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    02/11/10
    03:05
    Post #: 7417420
    I am new to this stock.
    Reserve and the grade are yes excellent, but whether the production cost is high?

    i noticed that most of the ZINC-LEAD reserve is underground 300-500m.

    So at grade 10%, ore/t valued at $255 at current price.
    But how much need to pay to dig out 1 tonne ore from 400m underground? I think may be cost $50/t. then how much need to pay for the processing?

    Any ideas?

    Thanks.
    MII Price at posting: 11.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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