Ann: Mutiny Gold Quarterly Activities and Cashflo, page-5

re: Ann: Mutiny Gold Quarterly Activities and... wow are we on to something or what?

Better than another goldie in the area imo....check it out..


Table 13 shows the London Metals Exchange Forward Gold Prices for the next 5 years with the average gold price being $1789 per oz Au which confirms Mutiny’s Gold price selection of $1700. In addition, Mutiny already has 50,000 oz Au of gold hedged at an average price of $1847.
Table 1 – Key Parameters and Economics
Average Ore Production
330,000 tpa
Mining Inventory
2,480,000 tonnes
Average Head Grade over Life of Mine
4.4 g/t Au, 0.7% Cu, 5.4 g/t Ag
Recovered Gold Equivalent Ounces
382,000 oz Au Eq
Recovered Metals
314,475 oz Au, 344,604 oz Ag, 14,432 t Cu
Cash costs per ounce
$617 oz Au Eq
Capital Expenditure – Plant
$66 million
Minesite Construction Cost including pre-strip
$21 million
Assumed Gold Price
$1700 / oz Au
IRR
43%
NPV 8%
$103 million
EBITDA
$323 million
EBIT
$234 million
Net Operating Cash Flow $342 million
Life of Mine 7 years
Net profit after capital costs, interest and tax
$171 million