First 10 years Production (USING JORC FIGURES)
30Mt @ 1.7% CuEq
=> 3Mtpa CuEq @ 1.7% for 10 years
3Mt x 1.7% = 51,000t CuEq
Revenue
51,000t x $9000/t = $459M
Mining/processing costs = $17.5/t (see report 1/2/11)
3Mt x 17.5 = $52.5M
Say $40M other expenses
$459M - $52.5M - $40M = $366M
Subtract 30% tax and 2.5% royalties
366M x 0.675 = $247M
EPS = $261M / 180M shares => $1.45 per share dividend
PE of 10 => $14.50 share price.
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- hang on lol...$2 dividends aren't sustainable
hang on lol...$2 dividends aren't sustainable, page-26
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