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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%)

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Message: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)

MoneyK, I was wondering if you would teach me how you did your NPV calculations.

I have made an attempt below but there a few things where I don't know where to plug them in. 

Step 1.  Calculate the Cash Flow per Year:  using your prices: Copper $3.15; Gold $1,300; Silver $17.50; and Molydebum $10.00.

I don't know where to plug in the Sustaining cost of $1B?

  FS/PEA (2021)  
   
Annual production (Y 1-7)  
Copper (M lbs) 262.6 $827,190,000
Gold (T ozs) 236.5 $307,450,000
Silver (M ozs) 1.3 $22,750,000
Moly (M lbs) 11.5 $115,000,000
CuEq (M lbs) 403.9  
     
  Total in US$ $1,272,390,000
  Total in Cdn$ $1,652,454,545
Cost per lbl: based on copper only 262.6 $393,900,000
Sustaining Costs ($1 B over 21 years)   $47,619,048
Cash flow: Years 1 -7   $1,210,935,498
     
     
     
Annual production (Y 8-21)  
Copper (M lbs) 218.9 $689,535,000
Gold (T ozs) 170.5 $221,650,000
Silver (M ozs) 1.3 $22,750,000
Moly (M lbs) 12.2 $122,000,000
CuEq (M lbs) 335  
     
  Total in US$ $1,055,935,000
  Total in Cdn$ $1,371,344,156
Cost per lbl: based on copper only 218.9 $328,350,000
Sustaining Costs ($1 B over 21 years)   $47,619,048
Cash flow: Years 8-21   $995,375,108
     

 


Step 2:  Calculate the NPV.  

I plugged in the numbers - the first 4 years I avaraged the $2.8B construction costs.

But I'm off your calculation of $4.7B NPV.  Where have i gone wrong?

 

 

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