gross recoverable value

gross recoverable value

[¦grōs ri¦kəv·rə·bəl ′val·yü]
(mining engineering)
The part of the total metal recovered from an ore multiplied by the price.
References in periodicals archive ?
At $1200/ oz Au, the total reserve would result in a calculated gross recoverable value of 45,827 oz Au x $1200/ oz = $54,992,400.
At $1200/ oz Au, the report details that total reserves calculate to a gross recoverable value of 45,827 oz of Gold, or $54,992,400.