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"If you work out the carting costs on a mined ton basis the...

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Mozzy

740 Posts.

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01/10/19

08:21

Post #: 40652601
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Originally posted by Davisite: ↑

My understanding is the cost is the round trip cost, but to GCY it is only 528km which comes to $63/t. Ore at 10g/t is worth over $700/t at the current A$2200 gold price which works out at 8.8% of the gold value.

We have the mining costs and processing cost from the updated DFS in Feb the mining costs were $61/t (4.4g/t) which is then upgraded by ore sorting to 10.5g/t. If you work out the carting costs on a mined ton basis the haulage costs are $26/t to GCY. What I think will make much more of a difference is the toll treatment costs hence why I think EGA needs to look around for a partner than really needs the ore.

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"If you work out the carting costs on a mined ton basis the haulage costs are $26/t to GCY"

I'm not following this bit. A trick doesn't care what it's carting. It is 12c per tonne per km whether it's overburden or pure gold

EGA Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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