RE: WRES4 Apr 2022 23:33
Troajan "ide rather remove a ton of ore,adjacent to the processing plant
than have to dig it up,200 metres below ground,in a confined space,with cables all over,then transport it,by mini rail wagon,to the pit bottom,then haul it up to the top,then transport it to the procesing plant.......those extra costs,will be increasing,by the day"
Oh yeah, you mean like WRES 2nd non working mine in Regua ?
Just something to think about for La Parilla and the costs. 2021 interest would be around $8.6m on Blackrock debt alone.
Total Concentrate production for the year was 520t (Thats Tungsten and Tin combined
That is $16500 of interest for every ton of concentrate they mined.
Oh dear..
Now lets look to revenues. (Based on Year averages of $300 per mtu W, and $33000 per t of Sn
That is 2021 revenues of approx $8.3m or $16000 per ton (VERY over optimistic)
So you can see that every ton produced was generating a nett loss and thats before you pay people, royalties, repairs, explosives. plant maintenance, Energy costs etc oh and the $m's spent on flood works and equpment.
I'll let you figure out how that ends. (Probably soon)
I suspect the weak and feeble will post an uneducated out of date link in response.