Re: IRR 10.13% and a payback period of 6.5 years
in response to
by
posted on
Dec 21, 2012 03:33PM
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%)
Operating Costs
LOM site unit operating cash costs, net of capitalized pre-stripping and other predevelopment costs, are$13.33per tonne-milled, as summarized in the table below:
LOM Operating Costs | |
Area | LOM CDN $/tonne milled |
Mining | 6.56 |
Processing | 4.87 |
Tailings Facility | 0.22 |
Depot Services | 0.52 |
Surface Services | 0.34 |
General & Administration | 0.82 |
Total | 13.33 |
Open pit mining cash costs average$6.56per tonne of ore mined, including waste and ore mining costs. The in situ life of mine average strip ratio (waste to ore) is estimated to be 2:1.
LOM copper production total and cash costs per produced pound including mine site operating costs, smelter and refining charges and concentrate transport cost average$2.09/lb and$1.15/lb, respectively.