You asked what happens when the 1st trial falls WAAAAAAAY SHORT OF THE 35% GRADE.?????
Highest grade assayed so far is about 33something% never over your spruiked 35%. How did you come to this figure for a 1st trial %age to the mill.????
Everybody here are expecting about 3% or so which in reality is pretty good and a given good cash flow to be sustained. 2.5% is the minimum what the mills take for processing.
Every shipment to the mill will be cash +ive and profit as mining costs so far at only $52/T as Zeff said in the broadcast the other day down from the previous estimated $54/T costing. Australia it costs over $250/T to mine, so Chile is far better off and Im sure at 3% or so is worth about $130/T delivered to mill and the $52/T mined includes all admin and mine costs. About $80/T profit/T is not bad for a smaller operation and if tonnages are maintained year out, its a tidy profit.
MNE Price at posting:
2.5¢ Sentiment: None Disclosure: Held
