Anyone care to double check my numbers:
IO - 500tpa @ $200 = $100,000,000 pa
Gold 17k oz pa @ $2,500 = $42,500,000 pa
Cu 1200t pa @ $14kg = $16,800,000pa
Co 400tpa @ $100,000 = $40,000,000 pa
Total above is annual revenue around $199.3 x 7 years is consistent with around $1.4b in total value at todays prices.
ELE share around $50m per annum (Revenue). Costs are clearly favourable with the project as the tailing are already out of the ground waiting to be processed and transported.
Total guess work, but if costs are 50% to 75% max then potential profit $12.5 up to $25m pa not taking into consideration the management fee and royalty.
Either way upside is here.
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