Yes correct at 1% were talking $360 p/t.
So that's:
$15 p/t fee
+mining costs p/t?
+transport to mill/from mill etc p/t?
+milling costs p/t?
+gov royalties/taxes
+administration
+recovery grades?
++++ how ever many more associated costs etc etc
Then factor in the j/v partner gets 50%......
I'm sure someone can do the math?
So many unknowns.
Not saying it wont be profitable but I'm with a few others here (surprise surprise) in thinking that anyone saying this is going to be bagging 5 - 10 times on open is border line delusional. So many baseless numbers being thrown about.