the next brm?, page-28

thanks priest great post i have some qns

%yield of plant feed is what is important % of resource figure is irrelevant

Where did you get the info below from? specifically the number for plant feed tonnage of 450mt

this is the important number. resources are great and look fancy (sound it too when they are over 1bt). But ultimately the plant feed figure and what sales tonnage it generates is all that matters. 20% yeilds on this figure to sales tonnage is going to be marginal

**************************
Dynasty ? TARGETS drawing on preliminary results of 1st
Phase preliminary beneficiation test‐work

JORC Resources of 932Mtonnes @ 27% Fe, generating est. Plant Feed of ~450Mt at ~38% Fe and, scope to be beneficiated to a DSO Product of ~190Mtonnes at average ~ 57% (yield on resources 17%; yield on Plant Feed 42%)
*************************************


2 scenarios:

say $10/t for ROM mining and washing and all other cash costs
20% yield equals $50/t at the mine gate for product
how much to port? $20/t for example
thats $70/t at the port and that is marginal on long-term prices

say 10/t for ROM mining and washing and all other cash costs
33% yield equals $30/t at the mine gate for product
how much to port? 20/t for example
that's $50/t at port and that makes money