You need to find out the maximum NPV of a hypothetical iron ore open pit as...
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You need to find out the maximum NPV of a hypothetical iron ore open pit as shown below. The iron ore grade is 72% and recovery is 90%. The market price of iron ore is S100/ton. The ore and waste block size are 30 by 30 by 30 m3 and annul production of six blocks (mining + stripping) is there. The mining cost is $35/ton and the stripping cost is $25/ton. The density for the ore and waste is 4.5 ton/m and 2.5 ton/m respectively. Assuming initial investment $50 million the interest rate is 5% per year. W = waste;O = ore. W W WW W W W W WWW W W W WOW WOW W W W w WO ooW O W WW WOO0 WOO You need to find out the maximum NPV of a hypothetical iron ore open pit as shown below. The iron ore grade is 72% and recovery is 90%. The market price of iron ore is S100/ton. The ore and waste block size are 30 by 30 by 30 m3 and annul production of six blocks (mining + stripping) is there. The mining cost is $35/ton and the stripping cost is $25/ton. The density for the ore and waste is 4.5 ton/m and 2.5 ton/m respectively. Assuming initial investment $50 million the interest rate is 5% per year. W = waste;O = ore. W W WW W W W W WWW W W W WOW WOW W W W w WO ooW O W WW WOO0 WOO
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Volume of 1 block of ore and waste30303027000 m 3 Volume of 6 blocks of ... View the full answer
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