copper demand, page-13

Here is what I estimate for the next 3 years base case scenario. It is formatted for HTML but does not display too well on HC.

Year .................... ........ 2012 ........ 2013 ........ 2014
Strip ratio .............
Open Pit material mined . t ...... 24,000,000
Ore throughput (o/p) .... t ...... 2,000,000 ... 3,000,000 ... 3,000,000
Ave Cu grade (o/p) ...... % ...... 1.44% ....... 1.44% ....... 1.44%
Ave Ag head grade (o/p) . g/t .... 20.2 ........ 20.2 ........ 20.2
UG ore processed ........ t ...... 0 ........... 0 ........... 0
Ave Cu grade (u/g) ...... % ...... 1.75% ....... 1.75% ....... 1.75%
Ave Ag grade (u/g) ...... g/t .... 20 .......... 20 .......... 20
Copper recovery ......... % ...... 83.6% ....... 83.6% ....... 83.6%
Silver recovery ......... % ...... 61% ......... 61% ......... 61%
Cu recovered (o/p) ...... t ...... 24,077 ...... 36,115 ...... 36,115
Ag recovered (o/p) ...... oz ..... 792,412 ..... 1,188,617 ... 1,188,617
Cu recovered (u/g) ...... t ...... 0 ........... 0 ........... 0
Ag recovered (u/g) ...... oz ..... 0 ........... 0 ........... 0
Concentrate Grade ....... % Cu ... 41% ......... 41% ......... 41%
Copper price ............ US$/t .. 8,000 ...... 8,000 ...... 8,000
Silver Price ............ US$/oz . 30.0 ........ 30.0 ........ 30.0
Copper revenue .......... US$ .... 192,611,000 . 288,916,501 . 288,916,501
Silver revenue .......... US$ .... 23,772,347 .. 35,658,521 .. 35,658,521
Total Revenue (incl Ag) . US$ .... 216,383,348 . 324,575,021 . 324,575,021
Net Op Costs (o/p) ...... US$/lb . 1.46 ........ 1.46 ........ 1.46
Net OP costs (u/g) ...... US$/lb . 0 ........... 0 ........... 0
Total OP costs .......... US$ .... 77,475,290 .. 116,212,935 . 116,212,935
Calc unit costs/t ore ... US$/t .. 39 .......... 39 .......... 39
Operating Margin ........ US$ .... 138,908,058 . 208,362,086 . 208,362,086
Offsite G&A ............. US$ .... 1,900,000 ... 1,900,000 ... 1,900,000
Expex ................... US$ .... 8,000,000 ... 8,000,000 ... 8,000,000
Capex (sust) ............ US$ .... 3,000,000 ... 3,000,000 ... 3,000,000
EBITDA .................. US$ .... 126,008,058 . 195,462,086 . 195,462,086
Interest charges (@5%) .. US$ .... 9,000,000 ... 2,600,000 .. 1,000,000
EBTDA ................... US$ .... 117,008,058 . 192,862,086 . 194,462,086
DA ...................... US$ .... 11,700,806 .. 19,286,209 .. 19,446,209
EBT ..................... US$ .... 105,307,252 . 173,575,878 . 175,015,878
Tax rate ................ % ...... 0% .......... 0% .......... 10%
Tax charged ............. US$ .... 0 ........... 0 ........... 17,501,588
NPAT .................... US$ .... 105,307,252 . 173,575,878 . 157,514,290
Shares issued (FD) ...... ........ 447,430,006 . 447,430,006 . 447,430,006
EPS ..................... US$ .... 0.24 ........ 0.39 ........ 0.35
FOREX ................... GBP/$ .. 1.64 ........ 1.64 ........ 1.64
EPS ..................... UKp .... 14.4 ........ 23.7 ........ 21.5
est SP @ x10 PER ........ UKp .... 144 ......... 237 ......... 215
Forex A$/GBP ............ ........ 0.64 ........ 0.64 ........ 0.64
est SP in A$ cents ...... A$c .... 223 ......... 368 ......... 334

Just my opinion of course.
CPDLC