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Lefevre

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11/09/14

09:52

Post #: 13957383
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Originally posted by wabbit ↑

EB
Sampling does not mean much Panga sample where 8.55 and 4.76 it will be around 2.5%.
Here is a another gem they say 5000 t a month is not a target but that is what they worked there cost from.
We have been doing 250t per month those cost will not apply.
NOTE THE PRODUCTION RATE PER MONTH 5000

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Costs are broken down into development and stoping costs. Development consists of the installation of horizontal tunnels along the strike of the mineralised vein and stoping is carried out post development where bulk material is extracted between the development tunnels. (Figure 4) Mining Method Airleg development and sub-level stoping Development drive dimensions 2.20m x2.20m Vertical distance between levels 6.00m Horizontal development rate 50m advance per month Production rate 5000t per month

Exchange rate USD1.00 = CLP547.00 Table 1 – assumptions used in cost estimates. Direct onsite underground development cost* US$51.00/T Direct onsite underground stoping cost* US$30.50/T Onsite administrative costs US$3.00/T Table 2- Summary of underground mining cost estimates for El Roble. * Direct costs are inclusive of all technical support (geology, survey, and engineering) and transport of ore to toll treatment facilities.

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"Here is a another gem they say 5000 t a month is not a target but that is what they worked there cost from."

Spot on wabbit.

MNE Price at posting: 1.8¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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