Mineral deposit
Not what you're looking for?
A mineral deposit is to be analysed for mining based upon the following information: (1) selling price of refined metal $0.75/kg: (2) average ore grade 0.5%: (3) recovery of metal 85%: (4) mining, milling, smelting and refining costs per tonne of ore are $6.50. Can the mine be considered profitable at this time?
Purchase this Solution
Solution Summary
The solution explains how to determine if the mine is profitable
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.