RE: Capex12 Dec 2017 11:59
Not sure. From my research of mine costs capex varies considerably depending on jurisdiction, resource, type of mine, mining processes to be used and loads of other factors. I can only refer to the following from Beauforts assessment... Page 2
"Sunrise had been looking for near term cashflow opportunities since 2014 and the CS Project fits well.
Management recognises the low capex, long mine life potential of the CS Project. It would be an open pit, quarry
type, operation with a very low (>0.25:1.0) strip ratio. A pozzolan perlite operation does not require complex
processing facilities or a costly tailings dam. Its closest comparator would be aggregates, where quarries typically
supply a regional market over a long period. Because of these dynamics (especially the long-life potential) an
operational CS Project should be very valuable. Once up and running, we would regard an EV/EBITDA multiple of
at least 5 x as a reasonable valuation methodology."
I hope this is helpful.