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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)
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To: bill who wrote (508)6/24/2002 12:14:02 PM
From: VAUGHN  Read Replies (1) of 613
 
Hello Bill

Here is another glimpse of some numbers suggesting profitability grades in Australia from a MiningWeb article. These are US $'s:

"The Ellendale stage one mining operations were expected to go for about 2-3 years and would initially focus on exploiting the rich near-surface resources of the Ellendale 9 pipe, with a view to generating strong early cashflows, before switching to the near-surface zone of Ellendale 4 after about 12-15 months.

An independent feasibility study conducted by Snowden Mining Industry Consultants showed that, at an increased processing rate of 715,000tpa, the stage one operations could contribute A$63.4 million in revenue and A$34.7 million in pre-tax cashflow. At a base case processing rate of 500,000 tpa, stage one would recover an estimated 227,194 carats at an average value of US$99.51 per carat."

$45.22/tonne @ .45c/t

Its early days yet, but as I have suggested previously, data so far suggests that FT should produce much higher values per carrat and TWG's consultant suggests that grades/tonne in the above mentioned range appear to be indicated.

I would also expect TWG to produce at a much higher rate than 715,000tpa and certainly more than the 500,000 indicated for these numbers!

mips1.net

Regards

Vaughn
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