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Re: ECU Silver Uncovers New Mineralization at Santa Juana Mine
Great grades on the A2 vein and a decent width at 0.86 meters. When diluted to 1 meter width, the value of this rock is $565 per tonne. This will probably yield us $250/tonne in revenue after reductions for % recovery and smelter costs. If we use a total company cost of $6 mil per quarter and 550 + 320 = 870 tpd mill capacity, our break even revenue is about $75/tonne, so at $250/tonne we will be extremely profitable.