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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Formula for Valuing Concentrate (SIMBO)

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Wanderer5

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Re: Formula for Valuing Concentrate (SIMBO)

in response to Formula for Valuing Concentrate (SIMBO) by Wanderer5

posted on Sep 25, 09 02:00PM

If you are interested in the trend of this formula SH has an interesting dialogue going on. This 20% figure is a realistic historical mill concentrate figure. We have done a couple of shipments this week (Northboy). So you can get a feeling for where some of the numbers are coming from.

Quazzy mentions

"Northboy.. there are a few reasons to concentrate the ore to 20%. With our mill/concentrator it makes for less shipments. We remove the high magnesium/talc (easier to smelt for our buyers) and we can actually make profits at very low grades due to reduced shipping costs. Gary has mentioned on a couple occasions that we may be able to mine grades as low as 0.4% at McWAtters and still make a profit. This will increase the life of the mine and provide sufficient mill feed while Hart is developed."

Our technical report is due out by the end of the month so we should see more on this.

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