You'd just need a 40-50mt reserve for 20yr LOM.
2 - 2.5mtpa is ~norm for projects being planned.
Imo Adina could easily "tread water" and turn a modest profit during early years (also most efficient years of mining.)
It would be an operating mine, economically sustainable, and online if/when SC6 prices increase (or possibly spike dramatically) for the owners to reap the profits, PLS style.
With that in mind, some modelling for Adina using low SC6 prices:
Years 1-7 (shallow high-grade zone):
2.5mtpa @ 1.4% and 75% recovery = 438 ktpa SC6
Say AISC 650 usd /t and SC6 price 1050 /t = 265m aud EBITDA /yr
Years 8-13 (avg grade decreasing):
2.5mtpa @ 1.3% and 75% recovery = 407 ktpa SC6
Say AISC 700 usd /t and SC6 price 1250 /t = 340m aud EBITDA /yr
Years 14-20:
2.5mtpa @ 1.2% and 75% recovery = 375 ktpa SC6
Say AISC 750 usd /t and SC6 price 1400 /t = 370m aud EBITDA /yr
Hope I got those numbers right.
Total EBITDA over 20 years = 6.5bn aud
Could be some significant tax credits too.
- Forums
- ASX - By Stock
- WR1
- WR1 General Discussion
WR1 General Discussion, page-26809
-
- There are more pages in this discussion • 4,000 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WR1 (ASX) to my watchlist
|
|||||
Last
80.0¢ |
Change
-0.055(6.43%) |
Mkt cap ! $152.6M |
Open | High | Low | Value | Volume |
85.0¢ | 85.0¢ | 79.5¢ | $910.8K | 1.120M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7133 | 79.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 29515 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1221 | 0.795 |
4 | 65670 | 0.790 |
2 | 23802 | 0.785 |
1 | 50000 | 0.780 |
1 | 60000 | 0.775 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 29515 | 1 |
0.815 | 39854 | 2 |
0.830 | 10000 | 1 |
0.835 | 3300 | 1 |
0.845 | 1028 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
WR1 (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online