Forgive me for answering a question directed at someone else, but I spent some time figuring this out a while back. This was RVR's commodity forecast in the 2015 restart study:
View attachment 619131
And these were the key project metrics:
View attachment 619143
When I broke the production up over 5.25 years and applied the commodity forecasts from 2016-2021, I got a project life of mine revenue of A$704 million, but when I only applied the 2016 commodity forecast, I got A$630 million. If you allow for a rounding error on the concentrate totals, it seems the 2015 restart study only used the 2016 forecast, which had zinc at US$2,205/t.
The zinc price is currently at US$2,547. Even though it's well down from the highs of ~$2900 we saw a few months ago, the project is more attractive at current prices than it was a couple of years ago. LOM revenue is 4% higher today than in the restart study metrics.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
Column 7 |
| 1 |
|
|
|
21-Jun-17 |
|
|
|
| 2 |
Metal |
Qty |
Unit |
Price (US$) |
Exchange Rate |
Revenue (A$) |
% |
| 3 |
Zinc |
112k |
tonne |
2547 |
0.75 |
$380M |
58% |
| 4 |
Copper |
19k |
tonne |
5625 |
0.75 |
$143M |
22% |
| 5 |
Lead |
26k |
tonne |
2101 |
0.75 |
$73M |
11% |
| 6 |
Gold |
10k |
oz |
1246 |
0.75 |
$17M |
3% |
| 7 |
Silver |
1.9M |
oz |
16.50 |
0.75 |
$42M |
6% |
| 8 |
LOM |
|
|
|
|
$654M |
|
