NIU 0.00% 2.0¢ niuminco group limited

Ann: Edie Creek Mining Operations Update, page-17

  1. 777 Posts.
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    OK boys and girls, let's do the math

    60 Tonnes per day output when the equipment is going (April)

    At an average of 3.5 grams a tonne (as per previous results)

    say 5 days a week x 4 weeks = 20 mining days a month (probably 24)

    20 days x 60 tonnes = 1200 tonnes per month x 3.5 grams = 4200 grams a month

    4200 grams x $51 AUD per gram = $214,500 a month

    Minus operating costs etc etc.

    And that's on a low value of 3.5 grams per tonne.

    Shouldn't take long to get back in the black.
    Last edited by pittyh: 16/03/17
 
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