George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Read it again..
MNH currently producing 10,000 tonnes per month. Revenue for Q1 could reach 40kts as they will be ramping up production. If this is the case and the price of manganese stays above at $400/t or thereabouts, 40kts of concentrate (Lumpy) being produced at a grade between 35% & 40% with a metallurgical recovery of 90% then revenue calculation for Q1 should be:
40,000x90%x37.5% = 13.5kts MN.
13500tx$400/t = $5.4m revenue
$5.4m x 12% = $650k revenue for PREM's 12%
MNH currently producing 10,000 tonnes per month. Revenue for Q1 could reach 40kts as they will be ramping up production. If this is the case and the price of manganese stays above at $400/t or thereabouts, 40kts of concentrate (Lumpy) being produced at a grade between 35% & 40% with a metallurgical recovery of 90% then revenue calculation for Q1 should be:
40,000x90%x37.5% = 13.5kts MN.
13500tx$400/t = $5.4m revenue