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Question 3 (15 pts): Mineral Resource Inc, has a copper ore deposit of 1,000,000 tons with an average grade of 1.1%Cu. There are two options

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Question 3 (15 pts): Mineral Resource Inc, has a copper ore deposit of 1,000,000 tons with an average grade of 1.1%Cu. There are two options under consideration which are given below. The overall unit cost of one ton of ore is $20/ton, and the selling price of one ton of copper is $7,500. Assuming a 10-year mine life, calculate the annual net revenue for both options

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