They need mega high grade, processing 7-9t per hour is snail's pace and 60 staff to pay. Need to be lean.
60 staff at $70 per hour = $4200/hr but probably more
fuel
power
etc etc
8t * 10g/t / 31.1 = 2.57oz/hr * $2510= $5020 then probably 75% recovery at best = $3765/hr
Gee even if they are mining 20g/t ore I wouldn't bet on them making a profit.
- Forums
- ASX - By Stock
- WRM
- Ann: White Rock Recommences Gold Production at Morning Star Mine
Ann: White Rock Recommences Gold Production at Morning Star Mine, page-12
-
- There are more pages in this discussion • 29 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 WRM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online