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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (53645)12/3/2007 12:37:07 AM
From: marcos  Read Replies (2) of 78429
 
wgw/wgi.to - they're pretty canny as to hedging, so may have bought diesel ahead, or used some oil-related vehicle to protect themselves ... they're not in a particularly high-cost area for labour, though of course not as low as just a few miles to the south, but the deal with the garbage tip people will cut costs

Strip ratio will come into this equation too - every litre burnt moving waste is not there to move ore ... for years the business of moving rock has been getting cheaper in real terms, as machinery became larger and more efficient, but it's all dependent on cheap energy, we'll need to keep an eye on this
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