Production Profile Frieda: First 8 years @ 60Mtpa for 246,000tpa of Cu and remainding 20 years @ 50Mtpa for 190,000tpa of Cu Yandera: 25Mt ramping up to 50Mtpa for app. 175,000tpa of Cu
As can be seen above, Yandera compares quite favourably against Frieda River. Theres no doubt Frieda is a larger project, but the envisaged annual production rate of Yandera is not that far off Frieda River, if anything they are actually the same at 50Mtpa. If you look at the project cost, this is where MGO clearly has the upperhand, 5.3b vs 1.5b is a big difference considering the difference between their forecast copper production not much @ 190ktpa vs 175ktpa.
Which would you rather invest in?
Discuss.
MGO Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held