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Profits

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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?

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Solution Summary

Profits are considered.

$2.19