Our managemt believes a cut-off of 600 ppm and the corresponding 0,11% grades are sufficient and "economic to extract".
That sounds good....
If I calculate with a longterm Co-Price of 65.000 US/t and today's Jorc grades the value of our ore after approx 90% recovery would be somewhere arround 90 US$/t.
"economic to extract" due to my understanding means there should be at least a 40 US$ margin per tonne to amortize capex in a reasonable timeframe. Derived from this opex/t could be somewhere around 50 US$/.
That would be fine and I'm sure there is further potential to reduce costs e.g. due economies of scales.
Time will tell if this number bauble is having substance. But my confidence is pretty big after todays announcement....
Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource, page-245
Add to My Watchlist
What is My Watchlist?
