WRM
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0.00% 6.3¢ white rock minerals limited

They need mega high grade, processing 7-9t per hour is snail's...

  1. HotRods65
    8,292 Posts.
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    30/08/22
    13:36
    Post #: 63407997
    They need mega high grade, processing 7-9t per hour is snail's pace and 60 staff to pay. eek.png 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.

    WRM Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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