High-grade Silver, Zinc, and Lead Advanced stage of development Prairie Creek Mine-NWT
Largest Shareholder Vatukoula Gold Mine (680,000 oz Reserves, 4.3 million oz Resource)
Message: CZN resource value - IMO
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http://www.kitco.com/pop_windows/kitcorockcalc.html
Use this to see my calcs below...
Current value of commodities were adjusted downward slightly,
Total amount of ore was based on amounts from Sept, 2010.
Blue sky scenario suggests that the total ores could be 14-16 times larger than at present.
Current value of in ground resource is 23.3 billion.
Net cost dependent on mining costs.
Using a conservative 10% IRR, the company should be worth 2.3 billion but is presently at 0.142 billion or roughly 16.2 times the current price of 1.14
The Vatukuola mine should also give the company value to approx 4 times the current price though some suggest that the Vatukuola value should be roughly $15/share.
Using 4 times the value for VAT + 16.2x current value for the 10% IRR on resources,
CZN could see a price of $23.03
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6.25 |
$38.00 |
$237.50 |
/tonne |
silver |
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80 |
$4.00 |
$320.00 |
/tonne |
copper |
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220 |
$1.15 |
$253.00 |
/tonne |
lead |
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250 |
$1.00 |
$250.00 |
/tonne |
zinc |
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$1,060.50 |
value/ton |
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22,000,000 |
Total tonnage |
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$ 23,331,000,000.00 |
Total Value |
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Cdn Zinc says it has 11 million tonnes of ore at the measured and indicated level |
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and at least that much again in inferred as of today. |
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So I'll be using 22 million tons for my scenario.
Great value per share isn't it? Operations1 |
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