SPR 2.29% $1.28 spartan resources limited

Hey @wassa, without mining costs, 0.35g a ton is definitely...

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    Hey @wassa, without mining costs, 0.35g a ton is definitely economical to process.
    https://hotcopper.com.au/data/attachments/4035/4035874-031ef3f8d70697b18b507a6f5163ed08.jpg
    https://hotcopper.com.au/data/attachments/4035/4035887-445d8fe75dd3dcce380f51ec2afe3a72.jpg
    Production Revenue
    1,862,000 tonnes x 0.35g/t = 651,700g
    651,700 / 31.1 = 20,954oz
    20,954oz x 85% recovery = 17,811oz
    17,811oz x $2550 = $45,419,927
    https://hotcopper.com.au/data/attachments/4035/4035917-cec5bee12e4cdd6681e725af174c2ac5.jpg
    https://hotcopper.com.au/data/attachments/4035/4035928-f36e5aff2554445898a90d06fdfc2c1e.jpg

    Costs
    1,862,000 tonnes x $13.41 per tonne = $26,068,000
    Refining and Freight $1 per oz =$17,811
    Staff Costs = $1,381,000
    Total Costs =$27,466,811

    Profit
    Revenue $45,419,927 - Costs $27,466,811 = $17,953,116
    EDITDA = $17,953,116



 
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