I just found this recent costing from another miner - it's a...

  1. 265 Posts.
    I just found this recent costing from another miner - it's a tungsten ore with a low strip ratio - just under 1:1 - a similar 1:1 strip ratio seems to apply to the area HUN is currently drilling.

    So it's worthwhile to compare -

    http://www.hazelwood.com.au/files/wMPP6Eei7TEr6KDz.pdf

    If you go to page 5 - the mining costs are shown to be around
    $8/T... to remove the waste and ore.

    The ore is coal of course in HUN's case.

    So HUN is probably looking at mining costs of around $10/T maybe less I'm guessing over this area.




 
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