Having not a lot to do today, I got onto the Tiger's website and had a re-read of their latest presentation. I had seen it before, but my attention was drawn to a slide marked Kipoi Project Economic Indicators. On this slide it gave the company projections for how long it would take to payback capex at various copper prices. It went something like this: Payback @ $3.00/lb - 6 months Payback @$3.50/lb - 4 months
The obvious point is : Copper is currently sitting on $4.42/lb on Kitco, so even on my dubious maths that should mean that Kipoi may have a payback time of possibly 2 months or less, assuming of course that copper prices stay in this vicinity. This is amazing, and I don't think I can recall a mining project anywhere with such incredible economics. One can only dream about where a company like this could go in the current resource climate.
Happy New Year all.
TGS Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held