Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: winzer5 who wrote (1311)	6/15/2007 5:21:15 PM
From: E. Charters	Read Replies (1) of 1319

hey! maybe those jumbo rounds are "not economic" in the fullness of accounting time ... on the other hand, the glove says the rounds may be based on some sort of economic prognostikashun. I think custom milling in that area is out. I don't think they can predicate a major mine on custom milling. Perhaps for about the first 30K tons. They have to build their own mill. What can the capex cost there? 15 bucks per ton? not more. On the other hand custom milling could lose them 15%. And that could be more than 15 bucks. If you lose, 10% AND pay 35 bucks a ton, at 0.30 oz/ton, you lose 35 + 21/$211 = 26.58%.. too much in general. @ 15% and 35 bucks for Custom Milling, you lose almost 32%. soooooo wat? well they can save money by doin' it themselves... but they gotta come up with the money to build a mill. what would it cost to run their one mill and buy one too? about 24 bucks all up for a medium sized one. that means perhaps 11.3% loss. Considerably better.

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