@reinersStrip ratio cutoff at 10% TGC and NPVGlance your eye over our strip ratio.In the first 10 years our strip ratio hits 8:1 in year 8 and falling 3:1 in year 20. The economics and revenue are improving at depth and we run till 24 years. That's 3 + 1 tons of dirt shoveled for 1 ton of concentrate in later years while our NPV was finished in a higher run cost at 8 + 1 tonnes in year 8 for 1 tonnes of concentrate.While the mining costs only vary from 13-25/ROM tonne our NPV value would have also improved with higher revenue in later years yet management chose a 10 year NPV...
Am I making my point yet...?View attachment 1498048Quality is a consideration in strip ratio.If a deposit contains a low grade quality ore more of it must be mined in order to achieve a return on investment.A higher grade deposit can support a higher strip ratio. There is an inverse relationship between deposit grade and strip ratio. The higher the grade inversely reduces the capex and Run of Mine cost.Croc "Doing a bull dance..."
