Member Info for Insertwittyname

Doubling output will only result (in the short term) in a bottle neck at the crusher. Interesting to see if GF is planning to combine both operations or keep them separate- I.e extra labour and another crusher at second location.

Even I can do that maths - 4g/t.

Considering history shows 17g/t, even results of half that historic rate should be seen as positive and allow the mine to function and profits start to come in.

Also need to account for the 4% cash back to Her Nibs!

Morning. Trying some basic maths to figure out the lowest possible gold grades to open the mine. Assumption (feel free to correct my numbers, they are but assumptions!):
- 5 x labour @ &30k pa each(we can dream of decent wages)
- utilities for dewater, lights, air, crusher etc @ £3k/month
-crusher repayment (assume £400k unit, payed off in 5yrs) so £80k pa

Annual expenditure is therefore circa £266,000.

Crusher runs 25hrs a wk, for 40wks a year (allows for down time, annual leave etc). Therefore processes 3000tonnes ore.

Soooo, £266000/3000 = £88.66 / tonne return needed.

Gold at around £45/g currently suggests anything over 2g/t is therefore viable.

Let the corrections commence!