interesting that the ex mine manager for Mt Carbine won an Australian Mining award for his work developing a 1.5m tonne per annum mine
a quote form his resume thats online
quote
Early appointments included, Resident Manager of the Port of Launceston Garden Island Removal Project, and Development Manager for RB Mining, for the initial exploration works at Mt Carbine, North Queensland.
Mr Roche was later appointed Managing Director of RB Mining. The company subsequently joined with an overseas consortium to purchase the Mt Carbine Mine and to develop a 1.5 million tonnes per year plant. In 1980, RB Mining was awarded the Australian Mining Export Award for the Mining Industry.
lets assume that inorder to do this RB Mining had a defined resource, a feasibility study and a mine plan
working on a mine life of say 10 years and a tungsten price of say 200 then you could say there is a resource of 15M tonnes at $200 which is roughly $300M
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