Some imaginary calculations
Imagine taking a 1M slice down through DDH's 11, 01 & 10 (as if cutting a slice of cheese)
It's not the case, but lets assume the top 110M or so of it is all waste & the next 29M is the yummy bit.
This slice is 175M long, 29M deep & 1M wide.
So you have 13,700 T of ore in your slice & 52,000 T of waste (so waste to ore ratio is about 4:1)
You're ore has 192 T of Cu & 13,700 ounces of Ag, so at $5,000 per T Cu & $20 an ounce it has a value of $955,000 + $274,000 = $1.29M
From this you need to deduct say $2 per T of waste ore extraction ($104,000) & transportation costs of say $10 per T ($137,000). So effectively you're left with $1M less the cost of extracting the minerals in a facility for each slice.
DDH12 & 08 are 150M apart, so there's going to be 150 or so similar slices.
Then you look westward and think, ok its only another 15 to 20 M of waste before we hit the next ore sheet, so in this part of the deposit, it will be profitable to go & extract it.
Going Eastward, the ore's already been extracted as the other sheet sat on top of this big one, & we've already covered all the waste costs in the calculations, so just trucking & processing costs to deduct there.
So the central part of the deposit already makes economic sense for open pit mining (175M x 150M) so we're looking at 2.5 MT of economic ore there alone.
-------------------------------------------
hmm wonder what's taking so long to compile with this other hole's assay results
LOTM
- Forums
- ASX - By Stock
- MOD
- Ann: Outstanding Copper Intersections Continue at T3-MOD.AX
Ann: Outstanding Copper Intersections Continue at T3-MOD.AX, page-34
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MOD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online