KAU 0.00% 19.5¢ kaiser reef limited

Of course it doesn't cost 6c per ounce to truck the ore, what...

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  1. 922 Posts.
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    Of course it doesn't cost 6c per ounce to truck the ore, what are you guys drinking ?

    I don't know exactly what truck they use but let's say they have dual trailers with 50 tons of ore for the exercise.

    50 tons of ore is approximately 300-350 grams of gold, so 10.6 - 12.3 ounces worth.

    Do you think it costs 60c to truck something 300km and back ?
    Of course not, it costs several thousand dollars.

    That's an insane cost to have and the main reason they can't turn a profit despite having high grade gold.
 
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