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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (7528)3/3/2006 6:30:58 PM
From: ralfph  Read Replies (4) of 78406
 
LT AAU is low because the grade is very low. .76 grams per ton. thats about 15 buck a ton rock. the sweetener is the silver kick. that is about 50 bucks aton.

so the mine is running 65 bucks a ton rock. the recovery rate will shave that by perhaps 15 bucks. so final guess is , AAU has 50 buck a ton rock.

now add in the development and mining costs and you may see why AAU has not been a market darling.

ralfph
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