Hi Spid81 do realise US$112 per product ton is way less than WKT...

Hi Spid81 do realise US$112 per product ton is way less than WKT have allowed…You have just compared ROM ton costs to product ton…"ROM mining cost per ton unit US$3.14 x (4.4+1)=$16.95 per ton Rom /17.9%= US$94.69

"Hi Croc, that is your calculation for WKT, which is moving 100% more material than the other company, whose mining cost is expected to be US$112 per tonne.

Please explain how you expect to move twice the material for less.

What Spid81 fails to understand is the higher grade advantage over tons moved...How wrong could he be? Heaps

US$3.14 x (.27+1)=$3.98 per ton Rom /7.4%= US$53.8 per tonne of concentrate

Let's rewrite it for spid81 to understand

US$3.14 x (.27+1)=$3.98 per ton Rom /7.4%= US$53.8 Per ROM ton

The processing cost at Lindi is US$27.56 per throughput ton.

US$27.56 /7.4%TGC = US$372 per product ton

ROM cost US$53.8
Processing ton cost $372
Total product ton cost US$426 (Good one spid81)

Lindi.............

US$3.14 x (4.4+1)=$16.95 per ton Rom /17.9%= US$94.69 Per ROM ton

US$27.56 /7.4%TGC = US$153 per product ton

ROM ton US$94.69
Processing cost US$153
Total product ton cost US$247.80

I'm unsure why someone has such a high opinion of himself when he continually makes fundamental mistakes. The other implication for Spid81 low US$426 per product ton is the significant increase in CAPEX and throughput. The throughput alone is over 600,000 tons for 44,000 tons of ROM material. And then TFS is also twice the size at the back end.

(Lindi can outdo this project spid81 like doubling the Strip Ratio...from 4.4;1 up to over 9:1) and still be more viable...

Regards Croc