A small percentage increase in head grade or recovery makes a HUGE difference to the bottom line (NPV). Recent high grade in-fill drilling should have an impact (you would think!).
METRIC ENHANCED PFS ROM Tonnes (Mt) 33.5 (Still @ 3mtpa) Head Grade (% Cu) 2.04 (20% increase due to recent high grade drill results) Recovered Cu Metal (kt) 575 (684.4 X 84% improved recovery) Recovered Cu Metal (mlb) 1288 Recovered Cu Metal (kt/yr) 52 (34% increase) Post-tax NPV @ 8% Disc. Rate (USD M) 555.5 Post-tax real IRR (%) ? (but higher) Development capital (USD M) 358 Total LOM capital 433 Mine Life 11 Mine Life (Total) 13 C1 Cash Cost (USD/lb Cu) 2.04 (could be much lower due to higher grade/higher volume)
Note that this is my very amateur take on things with the limited information with have...please do your own research and make your own decisions
BTR Price at posting:
27.2¢ Sentiment: LT Buy Disclosure: Held
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