You appear to be correct on those figures. (Learning a bit here). But it looks like, from the chart, that the sulphuric acid concentration may be reduced even further as no drop in efficacy occurred when dropped from 20% to 4% . If it can be dropped to 1% the the cost of the acid drops to $3.50/t. The weathered rock in the top 20 metres, they have stated is easier to grind, ? less than $10/t cost. So you are looking at > $10/t in savings there. Definitely would need those 2 costs reduced.
Of course if more of the breccia zone rock can be found then the value of the ore jumps from $125/kg to $300/kg x the recovery 80% x your payability factor 75% x 0.33kg/t = $59/t minus the big costs of ore crushing <$10/t - acid $3.50/t. The margins here would be very good I would think.
- Forums
- ASX - By Stock
- RDM
- Ann: Sybella Drill Assays Confirm New REO Discovery
Ann: Sybella Drill Assays Confirm New REO Discovery, page-75
-
- There are more pages in this discussion • 15 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 RDM (ASX) to my watchlist
|
|||||
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $40.45M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $9.429K | 69.92K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 136166 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 86118 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 136166 | 0.125 |
2 | 52000 | 0.120 |
2 | 38704 | 0.115 |
3 | 59000 | 0.110 |
2 | 209300 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 86118 | 1 |
0.140 | 105000 | 3 |
0.150 | 92870 | 4 |
0.155 | 276795 | 5 |
0.160 | 78816 | 3 |
Last trade - 12.08pm 15/08/2024 (20 minute delay) ? |
Featured News
RDM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online