Re: Let's state the obvious......
in response to
by
posted on
Nov 21, 2011 06:32PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Previously I said: "Sorry Golfyeti... I should have given context to my numbers. I was using 120 ktpd production. At 180 ktpd and the same numbers, the NPV goes up by about $1B."
That statement was erroneously incomplete. I should have said:
"Sorry Golfyeti... I should have given context to my numbers. I was using 120 ktpd production with $3.8B pre-production CAPEX spending over 4 yrs. At 180 ktpd and the same numbers, except 120% increased CAPEX over 4yrs, the NPV goes up by about $1B. My NPV figures include the CAPEX spending.
By my calculations, my original statement is about $3B (120ktpd....) to $4.5B (180ktpd....) NPV different than the corrected statement.