MBA6010 Hickock Mining is evaluating when to open a gold ...
22. Hickock Mining is evaluating when to open a gold mine. The mine has 44,000 ounces of gold left that can be mined, and mining operations will produce 5,500 ounces per year. The required return on the gold mine is 12 percent, and it will cost 29 million to open the mine. When the mine [.]