Day 87 Sunrise Dam Gold Mine Day 2

Just a question.... Where do you think the most? Some people do it in the bath, most males have a good old think on the Can (Toilet) some use the garden, Kitchen, special place.....
I have decided I think best on my bike! While we have been away I have been riding my bike, mainly on the rollers, but sometimes on paths, tracks or even roads..... Not every day but I usually try to ride at least 2-3 times a week.... and it is really great thinking time for me!
Anyway I just thought I would share that with you.... Let me know where you think best?
This site is BIG.... there are some aerial shots of the mine & it is one big hole in the ground. But I want you to think about this –
- This mine produces 36,000 ounces of gold per month
- The current price of gold is approximately $1150 per ounce
- 36,000 ounces times $1150 = $41,400,000
But wait there is more –
- The average rate of extraction of gold from ore is 5grams per tonne (this means that for every tonne of dirt they mine they get 5 grams of gold)
- There are 28 grams in an ounce
- This means that to get one ounce of gold they need to mine 5.5 tonnes of dirt
- And to reach their monthly mining target they need to mine 198,000 tonnes of dirt!
And to take it even further
- The cost to mine one ounce of gold is between $785 & $815 (this would include machinery, wages, all costs)
Therefore the profit on each ounce is between $235 & $265. Multiply this by 36,000 and you get a monthly profit of $9,540,000
So just under $10,000,000 a month profit!..... Hmmmm Ness can we charge more?
Hey congratulations to Ness’s Aunty Jo & Uncle Lou, they are grandparents again, another boy.... must be something in the water up your way? Welcome Flynn Jacob, Congratulations to Emily, Chris and Sebastian.
My sister Heather has called me a chicken for not voicing my opinions the last couple of blogs..... I’m not a chicken.... I’m just sensitive! Oh my husband is a SNAG.
Oh and Heather love your comment today about getting your house set up correctly...I am thinking of setting up a side business that advises hotels, spas and businesses on how to set up their venues for wheelchair access etc. I could make your house my first project and advise James on everything and then he can tell Brad!! That should make everyone very happy!! Very impressed with your attention to detail, I think we should go into business together.
Congratulations also to my brother in law Brad A, he got his first job today for his new business. Well done Brad, if any of you need any CAD drafting Atkins Steelcraft & Drafting is the company you need! (that will be 2 cartons for advertising fees Brad)
Hey what about Rudds mining tax, do any of you agree with him? Ok here is my opinion, over the last few months we have seen the support that mining companies pump back into communities, most parks, schools, swimming pools, community halls, sporting grounds, sporting teams......actually almost everything in small mining towns is supported, paid for or sponsored by these mining companies!
If Rudd gets his tax through this support & sponsorship will dry up! Mining companies will say “Well that is what Rudd wants to tax us for” to provide infrastructure to the rest of Australia.
Maybe if Kev spent 5 months in a caravan and went to some of these places & saw just how much the mining companies do put back into the communities he might have a different view. And I have to say that these places are hard enough to live in.... if the mining company support disappears they will be even harder to live in.
Besides you don’t have to worry because when I become PM one of my policies will to be to send Kev & Tony to work in an underground coal mine somewhere for 12 months! And they would have to share a Donga!
Just got back from tonight’s talk, now don’t give me a hard time about saying this but these guys were a bunch of Boneheads! They looked like Neanderthals & for the first 20 minutes or so I really struggled to see if they were alive or not! But then towards the end of the session they loosened up & were fantastic, they asked some good questions & raised some interesting issues. So it just goes to show hey.... Don’t judge a book by it’s cover! James you are right...even I who has a great knack for observing people and their reactions couldn’t see anything in these guys...they were dead pan for most of the session.
If anyone is interested in having a look at the photos I take at each of the sites we work at, there is an extensive photo gallery on our work website. Take a look...you will see some very interesting characters. www.cnbsafe.com.au/james-wood-gallery/
Have a lovely night.....
James & Ness