NWR 0.00% 0.6¢ northwest resources limited

Nice downramp so I may as well provide the affirmative lets say...

  1. 33,442 Posts.
    lightbulb Created with Sketch. 1734
    Nice downramp so I may as well provide the affirmative lets say the have about 15K ounces on the ROM pad. So no mining cost on that just a processing cost at I am guessing $30.00 a ton

    Given they should recover around 0.42 ounces per ton from that batch of ore resulting in a processing cost of $71.00 per ounce I am not to concerned given they are hedged around $1500.00 an ounce.

    Metrics used
    500kw ballmill + 200kw for ancillaries including crusher = 700Kw
    700 *0.4 litres diesel per hour = 280litres diesel per hour
    280 * $1.40 per litre = $392.00 per hour diesel cost.

    30 staff * $60.00 an hour = $1800 per hour

    ball mill should process around 34 tons an hour

    Diesel and labour costs then = $1192.00 an hour
    other costs rule of thumb 40% of above so = $476
    476 + 1192 = $1,668 per hour
    check $1668/34 tons an hour = $49.00 a ton which is about twice the average gold processing cost per ton based on mills I have looked at

    ball mill 34 ton per hour * 0.42 oz * $1300.00 an oz = $18,500 an hour revenue

    Seems to be a bit of fat left in the system.
    Just my opinion and often wrong

 
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