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05/08/15

07:41

Post #: 15751492
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Originally posted by Aedo ↑

In reality 1g/t is marginal and relies on low cost mining and processing to be viable (typically heap leach).

Numerically 1g/t is ~A$47/t in gold... add in mining dilution of 10% and mill recovery of 95% takes it down to ~A$40/t in gold... the typical toll treatment cost in the goldfields is $40/t. Sooo... even if they could get a really good rate of say $30/t they would then have to mine and transport it for less than $5/t to have a $5/t margin....

Finally 2.4Mt is inferred... so conversion to Reserves is, at this stage, uncertain.

Bottom line is that I don't think there is any value in considering this material for toll treatment... so I don't think that it has any significant value to RCF at this stage. Sorry.

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