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Ore processing is a 24 hour operation. Ore is stockpiled (1) at the processing plant, and the process begins by feeding the ore into a hopper with a loader.

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I setup a processing chain without upgrades and hooked it to a single energy cell in order to gauge the RF used. It took 961,190 RF, and 2 minutes and 2-4 seconds to turn 1 gold ore in to 5 gold ingots. I made sure the buffers were full on all the machines before starting. That is with me creatively spawning tanks for the gases and water needed ...

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the process is pretty fun, but user be warned. getting to 5x is a slow process the first couple machines cannot be upgraded. so I usually only use mine for the rare ores and use the 3x portion of my system for common ores.