Question: One method for developing a mine will result in a recovery of 62% of the available ore deposit and will cost 1,150.00 per ton of

One method for developing a mine will result in a recovery of 62% of the available ore deposit and will cost 1,150.00 per ton of material removed. A second method of development will recover 50% of the ore deposit, but it will cost only 4750.00 per ton of material removed. Subsequent processing of the removed ore recovers 300 pounds of metal from each ton of processed ore and costs P2,000 per ton of ore processed. The ore contains 300 pounds of metal per ton, which can be sold for 240.00 per pound. Which method for developing the mine should be used
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
