Hi Stevenjd,
I haven't had time to do the maths at today's prices but
page43:
From these figures, it is apparent that the ratio of net value in the ore is roughly:
Au = Ag + Cu + Zn + Pb
This indicates that, after allowing for the relative costs of processing, transport, smelting and refining, gold represents about the same net value as all the other base-metal elements combined.
From a mining and processing perspective this suggests that gold + silver represent the principal value in the deposit, that copper + zinc represent a useful by-product value and that lead is the least valuable mineral component."
So lots of potential credits as well, which could offset production/ mining costs. Just depends if the juice is worth the squeeze!
Desie101
WFE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
