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
WFE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
