Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (48590)	9/4/2007 6:09:37 PM
From: Claude Cormier	Read Replies (1) of 78419

I have no idea about the costs for Metates... but Pensaquito was $334M for a 50,000 tons per day operations. CKG suggest a rate of 70000 ton/day or 24M tons per year which would imply production of maybe 750,000+ ounces of gold equivalent (gold silver and zinc) per year based on a conservative 60% recovery rate. That is assuming the average grade is 1.6 g/t gold equivalent. So we may expect higher costs. -Of course Randy would sell before the mine is built That is my understanding. He is not a mine builder. I am hoping for a scenario that will ressemble FGX.

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