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Problem 5 . A copper leaching operation has a stockpile with an estimated ore capacity of 0 . 5 million tons and an average grade

Problem 5.
A copper leaching operation has a stockpile with an estimated ore capacity of 0.5 million tons and an average grade of 0.11%. The laboratory test conducted on the ore material indicated two possible leaching conditions.
Option 1 resulted in 67% recovery of the metal with daily reagent consumption 1200gm? ton of ore.
Option 2 resulted in 69% recovery of the metal with daily reagent consumption 1350gmton of ore.
Assuming leach cycle to be 180 days for both cases, reagent cost being $1.6kg and copper selling price to $3.5? lbs determine; i) Which option would be economical for operations to choose ii) At what reagent consumption for option 2 the mines will generate same cash flow.
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