When I first started getting interested in Copper Fox, one of the numbers that I remember being touted was the negative 0.32 cost to produce copper per pound. That number went out the window when the 2013 FS was released.
Now the improved numbers from Update on Schaft Creek from two weeks ago - I was curious what the cost to produce copper per pound number might be now. I used Gold @ $1,600, Silver @ $20, and Moly @$11.
If my calculations are correct then I am coming up with a negative 0.24/pound. All prices are in US$.
I'm often wrong about something so please correct me if so.
| 385,000 |
Production |
t. of copper concentrate |
|
| Containing |
|
|
|
| Copper |
Gold |
Silver |
Moly |
| 28% |
14.2 g/t |
63.1 g/t |
9400 t @ 50% |
| 237,160,000 |
195,250 |
867,625 |
10,340,000 |
| in lbs |
in ozs |
in ozs |
in lbs |
| |
|
|
|
| @ $3.50 |
@ $1600 |
@ $20 |
@ $11 |
| $830,060,000 |
$312,400,000 |
$17,352,500 |
$113,740,000 |
| |
|
|
|
| Total Credits |
Gold, Silver & Moly |
|
$443,492,500 |
| |
|
|
|
| Operating Costs: |
$8.66 / t |
|
|
| Production: |
133,000 tpd |
@ 365 days |
@ 92% available |
| Total Op. Costs |
8.66 |
44,661,400 |
$386,767,724 |
| |
|
|
|
| |
|
|
|
| Operating Cost less Credits |
|
|
-$56,724,776 |
| |
Copper Production |
|
237,160,000 |
| |
Cost per pound (net credits) |
|
-$0.24 |
