Member Info for TheBeastofBodmin

Sorry meant to clarify, thats simply an example procured figures are not related to EUA.

Mathematically, the minimum acceptable grade to mine, i.e. the cutoff grade, occurs when the cost to mine and process the material, (M&P cost), is equal to the value of the product, i.e. its selling price, SP.
M & P cost = SP

We will account for the dilution and recovery losses in the right side of the equation, as these losses are reducing the value of the in-place ore.
M&P cost=SP*(1-D)*(R)*G

where:

M&P cost = mining & processing cost, $/T
SP = selling price of the copper, $/lb
D = dilution
R = plant recovery
G = grade

Assume the following: we have a dilution of 5%, a plant recovery of 92%, a mining and processing cost of $6.80/ton and a selling price of $0.74/lb. Be careful with the units!

Solving the equation for grade, we have:
G=(M&P cost)/{SP*(1-D)*R}
(Equation 3.2.11)

And substituting our values,

G=($6.80/T){$0.74/lb*(1-0.05)*(0.92)*(2000lb/T)}
G=0.499?0.5=.5%

*Imagine a situation in which your resource contains significant tonnage at slightly less than 0.5%. Likely you will reexamine your dilution and plant recovery assumptions, and explore options for improving both so that you can economically mine the lower grade ore*

bump

Blimey, do some of you people ever stop moaning?
Carry on dafad I for one appreciate the fact you are always on the ball with the RNS updates.

The Biden administration is a disaster domestically.
If their foreign policy is anything as incompetent as the ones at home then we should all be concerned as they are completely out of control.

The BoD will bring this home, as stated by Dickie on telegram 14 RNS since September.
UBS, DLA Piper, Wardell Armstrong, Absolute Precision, SGS and Alex Stewart international, gov binding agreement with ROSGEO, H2 Sakhlin, American ii’s invested at 26p and a top talent BoD.
So we have a to wait longer than our assumed time frame, but while you wait go find another company with that resume of talent working with and partnering our company and update this thread let me know cos I cannot find one out there that remotely compares to our EUA?

Wilmslow, plastic people full of filler and botox best avoided :)

'A lot of investors have been taken in here by all the crap posted by Tilly & Mac!'

What a moronic comment, investing is YOUR decision and YOURS alone, binned.

So you think Vlad is going to take his anger out on Boris and the UK via EUA?
I’ve heard it all now, tin foil hats and a glass of port all round, what what?

On behalf of those investors who were interested to see 2 x CATs arrive at WK and are of the opinion the BoD, DLA Piper, Absolute Precision, UBS, Wardell Armstrong are more qualified than flakey posters on a bb.

I didn't see anything wrong with that tweet at all TBH, 2 x large CATs arrived on site at WK bigger than the smaller ones we had, which to me indicates there is a reason they need larger CATs and are planning the electric drags?
As for advising we have DLA Piper and a top M&A lawyer on the firm in Iain Rawlinson, the we reason WE ARE NOT recieving news is because this whole process is being conducted properly by professionals of this calibre and not some half baked release which a la AMC.
My faith is in these people and the BoD and I see no reason to change that opinion.

What trucks tweet? Are you refering ot the delivering of the 2 x CAT's?

Roger has already stated he had 4 million shares and completely de risked and sold half which begs the question as to what price he bought in at cos I don’t believe a word he says?
He then reckons he sold a further quarter of his holding and holds the rest?
This of course means he has covered his initial stake sold a further lot at a considerable profit and holds a further amount (1 million?) on a free carry with profit banked and yet still comes on here moaning on a daily basis?
B U L L S H I T!

Arsenalles, so sorry to hear that news that’s dreadful for you all but don’t give up hope keep fighting, thoughts with you and your family.

Storks confidence evaporated at 1p along with the bumper profits he could have made.

Morning, (missed the evening) Hallster, hope all is well?
Totally agree the company has expanded to levels I could never have imagined in the last 2 years we now see the master plan begin to take shape and even now who knows what further is up their sleeve?
Of course ppl are impatient for the divi news I get that but the bigger picture is a spectacular canvas IMO.
I see the telegram guys found some very ineteresting details yesterday and yet more expansion by the looks of things great stuff, looking forward to the next company updates in the meantime.
Have a great day all the best.

If people simply reported and filtered instead of responding to every post these clowns make or worse creating new threads in their name the problem would go away.

Well sell your shares then Mike and buy back in a few months time, then you won’t be as thick as mince like the rest of us who continue to hold?

Seriously you guys are so negative, no positivity nothing.
You moan when you don’t get news, you moan when you do.
8 RNS since mid December you moan the company doesn’t keep you up to date.
You demand to be kept up to date need constant reassurance get a tweet and still fecking moan.
You would have something to moan about if you were invested in some of the ****e I see on AIM believe me.

These guys never fail to deliver.