This all sounds pretty good no? What do you guys think?
"
PEA Highlights: (Based on $3.00/lb copper)
- Gross Revenue of $1.37 billion over 11 year life of mine ("LOM"),
- Cumulative Net Free Cash Flow after recovery of initial capital costs of $453.1 million before tax and $342.2 million after tax,
- Net Free Cash Flow in years 1-6 is approximately $85 million per year before tax, declining thereafter,
- LOM direct operating cost of $0.60 pound ("lb") copper,
- Production plan of 60 million lbs of copper in years 1-6, declining thereafter,
- Initial Capital Cost (including pre-production costs) totals $204.4 million, which includes contingencies of $42.4 million,
- LOM soluble copper recovery estimated at 68% with acid consumption of 1.5 lb acid/lb copper produced, and
- After tax payback of initial capital in 3.9 years.
"