Projected cashflow over the life of mine is c.US$825m/ current mktcap of £3m- duh3 Dec 2020 08:31
The pre-tax Project NPV8% of the expansion option over the projected 20+ year life of mine is c.US$280m while projected operating margins range from US$56-68 per tonne mined from 2025 onward. Projected cashflow over the life of mine is c.US$825m. C1 cash costs per pound of saleable copper average US$1.63 over the life of mine; the equivalent C3 cost is $1.93.
The common assumptions underlying the projected cashflows, operating margins and project valuation include;
· Long term average metals pricing of $3/lb, $1700/oz, and $25/oz for copper, gold, and silver respectively (all in $US);
· Metal recoveries of 95.5%, 70% and 70% for copper , gold, and silver respectively;
· Copper concentrate grade of 28.5%.