part227 Jun 2017 13:46
Assest Calculations:
20,000 tn Zinc @ $2,721 = $54,420,000
8,000 tn Copper @ $5,770 = $46,160,000
7,000 tn lead @ $2,235 = $15,645,000
Total revenues: $116,225,000
Minus processing mine costs
$47 per tn X 360,000 = $16,920,000
Minus Shipping/logistics
Concentrate @ 20% weight-ore
20%/360,000
72000tn @ 10$tn = $7,200,000
Smelting costs @ $200tn (metals)
35,000 X $200 = $7,000,000
Total Costs: $31,120,000
Revenues – Costs: = $85,105,000 (£66,654,236) per year
That gives the Parys Mountain project an $85m per year Net Profit.
All metal prices/shipping/smelting price units from June 2017.
Given the size of the resource and the estimated annual mining volumes the mine life would be between 10-16 years.
Other Company Assets
As well as the Parys Mountain project the company also have an interest in two other resources.
Anglesey holds a direct 6% interest in Grangesberg (a world class Iron Ore project) and a right of first refusal over a further 51%.
The company also currently holds an 11.9% stake in Labrador Iron Mines Holdings Limited. This holding is expected to change to around 25% on the upcoming restructuring deal.