Saturday, February 09, 2013

Florence copper projects higher recovery rate

The Florence copper in situ project in Florence is expected to have a 70% recovery rate, substantially higher than the 49% rate that BHP calculated when they owned the resource.   Dan Johnson of Curis Resources, the project developer, told the Arizona Mining Alliance that they estimate producing copper for about $1 per pound.    Copper is running about $3.70 per pound on the spot market.  [Right, cross section of in situ project.  Credit, Curis Resources]

1 comment:

  1. If they're right about the recovery rate, things are going to get very interesting . . .