VMM 0.71% 70.5¢ viridis mining and minerals limited

Hello. Don't ask me. My point is it is highly unusual for me to...

  1. 3,306 Posts.
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    Hello.
    Hello. Don't ask me. My point is it is highly unusual for me to read the impression or inference of a mining reserve in such a manner and at such a stage of project development. In Australia transport costs can be around $10/km. In the outback, projects can use 80t (double) to even 120t (triple) road trains (trucks). So here with VMM a truck appears to be driving on country roads. Its hard to imagine an 80 tonne truck. Say a 40t truck. Due to the relatively short distances, the truck must more often be loading & unloading. Say it costs US$12/km using a 40 tonne truck. Say a round trip from Northern Concessions to Cupim South is 20km. That is US$240 per 40 tonne of ore load. 40 tonnes of ore at 55% recovery and 3,900ppm is 86kg of REE. The transport cost in this scenario an extra US$2.79/kg. If its an 80 tonne truck then say an extra US$1.50/kg.


    https://hotcopper.com.au/data/attachments/6303/6303959-59dd92a6d6e7c7cc2c2a2663df14167b.jpg

    Last edited by GKeden: 11/07/24
 
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