The numbers are my best efffort based on MD&A & reports.
Perhaps Web you can shed light on the 0.12% cutoff, why so much lower than everyone else
Concerned about cash balance also versus the others
| Base case Scenarios |
DM |
CUU |
BAJ |
Augusta |
NCU |
| Stage |
PEA Nov-2008 |
PFS Jun-2008 |
Construction |
BFS Jan-2009 |
DFS Jan-2012 |
| NI 43-101 (last update) |
Dec-09 |
Jul-11 |
TR Mar-2010 |
|
|
| Cu Base Case |
$1.75 |
$3.12 |
$2.91 |
$3.14 |
$3.24 |
| Cu Recovery |
|
88.4% |
90.7% |
85.0% |
89.3% |
| MO Base Case |
|
$33 |
|
$29 |
$33 |
| MO Recovery |
|
71.0% |
|
72.0% |
|
| Au Base Case |
$600 |
$693 |
|
$723 |
$1,252 |
| Au Recovery |
|
81.0% |
|
73.0% |
67.3% |
| Ag Base Case |
|
$13 |
|
$13 |
$23 |
| Ag Recovery |
|
71.0% |
|
77.0% |
56.3% |
| Tonnage P&P |
|
|
85,000,000 |
546,338,000 |
405,464,000 |
| Tonnage M&I |
550,000,000 |
1,035,300,000 |
264,700,000 |
650,000,000 |
|
| Tonnage Inferred |
274,000,000 |
301,300,000 |
160,000,000 |
200,000,000 |
|
| Meters Drilled |
121,851 |
95,962 |
127,986 |
98,717 |
225,000 |
| Average Grade CuEq |
1.51% |
0.45% |
1.33% |
0.45% |
0.58% |
| Cu cutoff |
1.00% |
0.12% |
0.50% |
|
0.20% |
| NPV & 5% (after tax) |
|
$2,983,847,000 |
$1,922,000,000 |
$3,628,900,000 |
$1,905,000,000 |
| NPV @ 8% (after tax) |
$2,406,000,000 |
$1,597,500,000 |
$1,300,000,000 |
|
$1,261,000,000 |
| NPV @ 10% (after tax) |
$1,598,000,000 |
|
|
|
|
| IRR |
23% |
19% |
26% |
38% |
23% |
| Avg Operating $ (per tonne) |
$23 |
|
$36 |
|
|
| Avg NSR $ (per tonne) |
$59 |
|
|
|
|
| Avg Annual Cash Flow (after tax) |
$434,000,000 |
$350,000,000 |
$316,000,000 |
|
|
| Payback period (years, after tax) |
4.0 |
4.9 |
|
2.3 |
3.6 |
| Unit Cash Costs Ttl ($/lb Cu) |
($0.30) |
($0.32) |
($0.29) |
$0.32 |
$1.28 |
| Daily Feedrate (tpd) |
40,000 |
100,000 |
7,500 |
75,000 |
67,500 |
| LOM (years) |
22 |
23 |
23 |
22 |
18 |
| Initial CAPEX |
$1,332,000,000 |
$2,950,406,000 |
$889,000,000 |
$897,200,000 |
$1,036,000,000 |
| Sustaining CAPEX |
|
$797,379,000 |
|
|
$949,174,000 |
| LOM OPEX ($/tonne ore) |
|
$12.49 |
$30.53 |
|
$12.33 |
| Annual Cu Production (lbs) |
182,000,000 |
240,000,000 |
125,000,000 |
221,000,000 |
212,995,000 |
| |
|
|
|
|
|
| Shares (fully diluted) |
136,637,688 |
406,200,000 |
390,400,000 |
152,900,000 |
79,600,000 |
| Share Price |
$2.00 |
$1.10 |
$0.94 |
$2.72 |
$3.69 |
| Market Cap |
$273,275,376 |
$446,820,000 |
$366,976,000 |
$415,888,000 |
$293,724,000 |
| Cash |
$26,000,000 |
$3,000,000 |
$15,000,000 |
$7,000,000 |
$65,000,000 |
| |
|
|
|
|
|
| JV Partners |
Antofagasta |
Teck |
Kores 30% |
SLW, Kores,Hudbay |
