WFE 0.00% 2.4¢ winmar resources limited

Some light reading while we wait for drilling approvals, page-5

  1. 181 Posts.
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    Hi Stevenjd,
    Yes, thats exactly the point - the additional mineral deposits doubles the effective gold credit. Analysis will need to be done to see if the processing and recoveries make this credit economically a value add. Nice problem to have though.

    Just did the calcs on today's prices and it stacks up again.

    VNSR $ Value per tonne ore mined - Gold = $67.69
    NSR $ Value per tonne ore mined - Ag + Cu + Zn + Pb = $61

    See workings below - hopefully formatting works.


    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 2017          
    1 Assumption Gold (oz) Silver (oz) Copper (t) Zinc (t) Lead (t)
    2 Metal price in US$ 1190 16.88 5,640 2730 2143
    3 Loss on Mining and Processing 20% 30% 45% 30% 30%
    4 Cost of Freight, Insurance, Smelting, and Refining 5% 20% 20% 20% 20%
    5 Total loss of value 0.25 50% 65% 50% 50%
    6 NSR value US$ 892.5 8.44 1974 1365 1071.5
    7 NSR value of 1 g/t or 1% grade 31 0.30 19.74 13.65 10.72
    8 Average Grade at zero Au Cut-off 2.15 48.06 0.0067 1.98% 0.61%
    9 NSR $ Value per tonne ore mined 67.69 14.2 13.2258 27.027 6.54
    Column 1
    0  

    Desie101
 
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