A little research and a bit of elbow grease from the synapses and you will understand that the mining costs were given several years ago, something like $14/tonne from memory. The rolls and separation will be tiny, basically a bit of power. Assume its a 4 MW process (i think it is less) and assume liquid fuel and worst case $350/MWh inc O&M thats $1420 /hr.
I have no idea about through put but I assume its the entire front end pre-processing and that's 3 Mtpa, or about 270 tph at 80% average throughput, or about $5/tonne fugetaboudit.
Every knows or should know that the NCu is somewhere between 4% and pick a number. The sale price is expected to have a 10% premium or thereabouts. and lets assume $7000 /tonne. You can see a lot of conservatism here to allow for transport and mum and the kids.
270 tph x 4% x 7000 -(270 x $5) = 75600- 1350 =$74250 per hour (or 10 tph NCu.)
To raise $100 M in free cash takes about 1347 hours.
I don't give a tinkers cuss what number you wish to quibble about, it looks pretty damn robust to me!
If you cant do kindergarten calculations and insist on waiting to be spoon fed and and sprouting unresearched BS then don't expect to be taken seriously.
I offer you are welcome in advance.
CDU Price at posting:
$3.95 Sentiment: Hold Disclosure: Held
