When Alcyone Resources called in the administrators one didn't expect to see their assets up for sale for long but this is not the case. With silver production small, the economies of scale are limited. By my estimates the Twin Hills Mine post a decent ramp up to circa 200K Ounces per month could have a cash cost of around $10/oz (U$D) and potentially lower, all in sustaining costs around $12/oz with a half decent rate of return. If anyone has a few mill spare...:-).
Atb Fraser
No comments:
Post a Comment