The raw numbers without a factor of safety
105 x70x17.5 = 128,000 m3x 1.8 = 230,000 tonnes x 3.49g x 90% recovery = 727,000 g = 23,400 oz @ $2,278 = revenues of $53m.
Sales realisation expenses say 25% $11m
processing and shared costs at Thalanga run at $35/t = $8m if a similar result is possible.
So it definitely looks like its worth processing unless I'm missing something.
- Forums
- ASX - By Stock
- RVR
- Ann: Red River identifies gold potential in Hillgrove waste dump
Ann: Red River identifies gold potential in Hillgrove waste dump, page-11
-
- There are more pages in this discussion • 19 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 RVR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online