LTGoldBull2:"These metals prices must really enhance the MPV and IRR of our project."
& " the credits gained from the other metals must really lower the projected average operating cost"
Not really. Palladium increased but copper dropped, more than off setting palladium's gain. NOTE copper constitutes more than either of palladium or platinum.
Eagle 1 deposit's 43-101 data from 2010 March 9 news release.
Comparing value from March & April 2010 to today's.
Using Kitco Calculator (
http://www.kitco.com/pop_windows/kitcorockcalc.html).
Indicated resource of 6.9 million tonnes grading:
Time $/ton Net $
2010Mar 640.46 4,416 million
2010Apr 752.82 5,194 million
2011Jan 600.50 4,143 million
Inferred resource of 4.3 million tonnes grading:
Time $/ton Net $
2010Mar 470.26 $2,021 million
2010Apr 551.68 $2,372 million
2011Jan $437.39 $1,881 million
Total $ for both grades:
Time 2010Mar 2010Apr 2011Jan
Value $6,437 million $7,566 million $6,024 million
Shares 168 million 168million $185 million
Per share $38.31 $45.04 $32.56
Discount to 5% $1.91 $2.25 $1.63