Fantastic PEA Report
@lexcorp* NPV at cuurent price of copper = $US2.312m @ $4 copper. Each additional $0.25 increase in per p Cu and the NPV increases by an additional US$425 million.
* Waiting for drilling permits.
* Alta Copper are going to need the funds to drill and possibly anywhere between $20-30m would be my estimate?
* Once ticked, that signal to market is that there will potentialy be a bigger resource and more importantly that they should have government support.
* Fortescue have increased their stake from 15% owners in the company to now around 31%. What's to say they don't increase their stake once again and bump it up to 50% plus to have full control?
* The question is will a potential take over bid take place prior to when permits are out? If prior, the potential bid would obviously be lower, if post permits, then expect higher.
* Fortescue have secured a 31% discount!
* What else is there to consider? That there's potential for a 50% increase in resources.
* Experts are expecting copper prices to be anywhere between $15,000 to $20,000 per tonne.
* Folks, seriously have a read of PEA report here:
https://altacopper.com/news-releases/news-releases/2024/alta-copper-announces-robust-economics-for-canariaco-with-us-2.3-billion-after-tax-npv-and-24-irr/* Have a look at the life of mine - 27 years and the payback period with the lowest capital costs compared to other copper players!
Quote:
"Giulio T. Bonifacio, Executive Chair, commented "We are extremely pleased with our 2024 PEA which is well advanced as we have clearly benefited from several previous engineering studies and a wealth of experience from our external international engineering firms. This PEA will prove of great value as we advance Alta Copper to the next stage. The PEA shows that Cañariaco is clearly a Tier 1 asset that provides a long-life, large-scale copper project producing annual average copper of 158,000 tonnes per year in the first 10 years. The Cañariaco project is economically robust with considerable leverage to increasing copper prices while also possessing considerable upside through resource expansion drilling with numerous high priority drill targets identified to date at Norte, Sur and the undrilled Quebrada Verde porphyry target".Tick tock, tick tock...
Tony
(20min delay)