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To: Lord Smooth who wrote (582)10/28/1997 5:01:00 PM
From: tech  Respond to of 4571
 
I believe that the production cost for a ton of ore is $150, not for an ounce of gold, which may be good for BCMD considering the high-grade.
Tech



To: Lord Smooth who wrote (582)10/28/1997 5:08:00 PM
From: DDS-OMS  Respond to of 4571
 
S.

Good question--the two have been sort of used interchangeably as overall expected gold content is 1 ounce per ton--but when a pocket of high grade is encountered, it obviously doesnt cost $150 per ounce if its 500 ounces per ton ore--so the logical answer is per ton, not per ounce. Therefore, the production cost per ounce of gold recently mined is far lower than $150.

Regards,
Gary


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