Here is my quick and dirty NPV estimate based on the RE; critics and comments welcomed (only difference in right column is the 5% discount rate):
| |
|
|
|
| Daily Processing MT |
150,000 |
|
150,000 |
| Recovery |
88% |
|
88% |
| Copper grade % |
0.266 |
|
0.266 |
| Copper/dayMT |
351 |
|
351 |
| Copper/day lbs |
772,464 |
|
772,464 |
| Copper price ($/lb) |
$3.50 |
|
$3.50 |
| Copper revenue/day $M |
$2.70 |
|
$2.70 |
| MO grade % |
0.019 |
|
0.019 |
| MO/dayMT |
25 |
|
25 |
| MO/day lbs |
55,176 |
|
55,176 |
| MO price ($/lb) |
$14.00 |
|
$14.00 |
| MO revenue/day $M |
$0.77 |
|
$0.77 |
| AU grade g/t |
0.160 |
|
0.160 |
| AU/dayoz |
660 |
|
660 |
| AU price ($/oz) |
$1,300 |
|
$1,300 |
| AU revenue/day $M |
$0.86 |
|
$0.86 |
| AG grade g/t |
1.590 |
|
1.590 |
| AG/dayoz |
6,559 |
|
6,559 |
| AG price ($/oz) |
$26 |
|
$26 |
| AG revenue/day $M |
$0.17 |
|
$0.17 |
| Total revenue/day $M |
$4.50 |
|
$4.50 |
| Production cost/day $M |
$1.03 |
|
$1.03 |
| Net revenue/day $M |
$3.48 |
|
$3.48 |
| Days/year |
340 |
|
340 |
| Revenue/year $M |
$1,182 |
|
$1,182 |
| CUU's share 25% $M |
$296 |
|
$296 |
| Total OS shares (M) |
400 |
|
400 |
| |
|
|
|
| Disc rate: |
8% |
|
5% |
| Years of cashflow: |
30 |
|
30 |
| PV ($M): |
3,327 |
|
4,543 |
| Capital cost: |
4,000 |
|
4,000 |
| CUU's cap cost: |
1,000 |
|
1,000 |
| NPV Per share: |
$5.82 |
|
$8.86 |
| Production cost estimate: |
|
|
| Mining cost per ton |
$1.35 |
|
$1.35 |
| Processing costs per ton |
$5.50 |
|
$5.50 |
| total |
$6.85 |
|
$6.85 |
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|
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|
|
The NPV per share before income taxes is $5.82 at 8% and $8.86 at 5% discount rate.
This is for Schaft Creek only.
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