Looks better than all the other PEAs out there, looks more conservative and this is only the first pass most of them have been upgraded at least once.
Mason Graphite
Financial Highlights ● Initial direct capital costs of $89.9M ● Production costs of $390 per tonne of finished product ● $364M pre-tax NPV (8% discount); $283M pre-tax NPV (10% discount) ● 33.7% pre-tax Internal Rate of Return ● Payback period of 2.5 years ● 22-year mine life ● Average sales price of $1,525 per tonne
Northern Graphite
PEA!Update! (base!case)!
$1,800! $264.7! 31.7%! $178.9! 26.7%!
!
Average!graphite!price!(US$!per!tonne)! $2,100! Pre!tax!Net!Present!Value!@8%!(CDN$!millions)! $380.9! Pre!tax!IRR!(%)! 40.7%! After!tax!Net!Present!Value!@8%!(CDN$!millions)! $257.9! After!tax!IRR!(%)! 33.9%!
Flinders
Estimated in the PEA:
- Low start-up capital costs of $16.7 million1 ("M") including contingency and working capital
- Average production costs of $662 per tonne of graphite concentrate
- $26.6M post tax net present value ("NPV") (8% discount);
- 34% post-tax internal rate of return ("IRR")
- Payback period of 3.9 years
- Conservative average graphite sales price of $1, 199 per tonne used
- Post tax NPV increases to $37.3M (8% discount) in a sensitivity analysis when 10% higher graphite prices of $1,318 per tonne are used. (see table 7)
$1,500! $148.4! 22.2%! $99.0! 18.9%!