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Gold/Mining/Energy : BET YOUR ASSAY - Mining Terms Explained
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To: Walt who wrote (260)11/12/1997 3:21:00 PM
From: I_C_Deadpeople  Read Replies (1) of 463
 
GENERAL QUESTION:

If a cash cost of an open pit mine is , say, $150/oz where the resource is .1 ozs/tn, can one figure out what the cost would be if the resource was half of the above amount ( .05 ozx/tn ) ? Surely it cannot simply be twice the cost/oz ( given the same "work" required to mine a ton and you yield only half of the ounces )? What other cost factors must one take into account? This question might be to simplistic to answer but I am basically trying to figure out how "more" it costs to extract .1 ounces of gold from a ton versus .05 ounces from the same ton of rock?

EW
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