I can't remember seeing any forecasts of annual returns for the Mutsk project so I have done a little number crunching of my own. I have based these on an open cast system of mining where wagons are loaded with the ore and deliver it to the processing plant. If we take the figure of 1.13gt as the average and say we have just 5 wagons carrying the ore at 50 tonnes a load working a normal 8 hr day completing 20 loads per day for 7 days per week. Using todays price of £25 per gram I reckon that before any stoppages for overheads and other costs the income should be in the region of £980,000 per week. or £50 million per year (in round figures) If production is increased say by working around the clock then the Sky is the limit.
I am not a gold mining expert. I know nothing of the workings of the mines.
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