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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: peter snowdon who wrote (10701)5/6/2006 8:23:22 PM
From: E. Charters   of 78426
 
That figure was very specific to narrow vein properties at that tonnage range, which is fair for narrow vein properties. Wider low grade properties get to defray their costs over a lot more tons. Open pits start to make sense when you consider the saving in labour costs. They do drive up capex in most ops, and require more drill engineering. People are attracted to them, but they are anything but simple. I like narrow vein a lot more because except for the labour problem it has a lot more flexibility and requires less overall cash if you are talking high grade small scale.

Each case is on its own merits. Some open pit thingies can be said to be low cost because the mill money in heap leach thingies is small bucks. Rip and heap leach has its attractions.
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