The 2011's cost is not chosen due to the effect of significantly higher sales volumes and the one-time labour settlemet cost of 44 million, as well as a greater proportion of the costs were capitalizd as part of the mine life expansion program in 2010 per Teck's website.
This estimate did not consider the high grade starter pit and the silver value.
i personally think this estimate is close to the FS which will be released soon.
There is a negative cost existed.
The annual net profit after depreciation and amortization is 918,393,635 CND, 2.29 CND/share
Have fun
| 2010 Highland Valley Data |
|
|
|
| Ore milled |
|
42,488,000 |
TON |
|
| Cu grade |
|
|
0.27 |
g/t |
|
| Cu recovery |
|
86.3 |
% |
|
| operating cost |
|
$307,000,000 |
CND |
|
| Distribution cost |
|
$34,000,000 |
CND |
|
| Depreciation and amortization |
$80,000,000 |
CND |
|
| total cost |
|
|
$421,000,000 |
CND |
|
| Unit cost=total cost/ore milled |
9.91 |
CND/TON |
|
| |
|
|
|
|
|
| Schaft Creek |
|
|
|
|
| Grades from 2010 resource estimate and recoveries from the lastet news release |
| Cu grade |
|
|
0.27 |
% |
|
| Mo grade |
|
|
0.017 |
% |
|
| Au grade |
|
|
0.18 |
g/t |
|
| Cu recovery |
|
89 |
% |
|
| Mo recovery |
|
64 |
% |
|
| Au Recovey |
|
73 |
% |
|
| Ore milled = 120000 ton/dayx350 day |
42000000 |
ton |
|
| Total cost =9.91 cnd/tonx42000000ton |
416164564.1 |
CND |
|
| |
|
|
|
|
|
| Cu production |
|
222499996.2 |
lb |
|
| Mo production |
|
10074073.9 |
lb |
|
| Au product tion |
|
194670 |
ounce |
|
| |
|
|
|
|
|
| today's spot price |
|
|
|
|
| Cu |
|
|
3.8348 |
CND/lb |
|
| Mo |
|
|
14.5 |
CND/lb |
|
| Au |
|
|
1722.1 |
CND/Oz |
|
| |
|
|
|
|
|
| Metal Value |
|
|
|
|
| Cu |
|
|
853242985 |
CND |
|
| Mo |
|
|
146074072 |
CND |
|
| Au |
|
|
335241143 |
CND |
|
| Total value |
|
1334558200 |
CND |
|
| |
|
|
|
|
|
| Net Profit per year after depreciation and amortization |
|
|
| total value - total cost |
918,393,635 |
CND |
|
| Net profit per share |
|
2.29 |
CND/share |
|
