RE: Comparative value...5 Dec 2018 23:07
This is the conceptual production rate from the Hannam report Filthy:-
Our Cascabel DCF is based on a conceptual mine plan using initial capex of
~US$2.3bn, ahead of assumed first output in 2024E, with further growth capex of
~US$5bn over the life of mine as a series of block caves are added to ramp up to
full throughput of 40Mt pa by 2037E. Focusing initially on the gold-rich high-
grade core at Alpala Central, we model first output from 2024E, ramping up to
~256ktpa by 2027E and averaging ~235ktpa CuEq over the proceeding 12 years of
the operation – with gold representing ~1/3 of production in copper equivalent
terms. Over the remaining 20 years of mine-life we estimate average CuEq output
of ~175ktpa as the first high grade caving operation at Alpala central is followed
by a series of larger but lower grade block caves.