I collected some information on Copper Mountain selling the Eva...

I collected some information on Copper Mountain selling the Eva Copper/Gold Project to Harmony Gold Mining Co. MIM or Mount Isa Mines(Glencore) were scheduled to process the copper (28%)/ gold concentrate from the Eva project. We can use this information to get an idea of what Glencore is expecting from CYM.


These figures came in close to what *****, AFR and other media were reporting although many seemed to have rounded numbers off. In the CuMtn Feasibility Study the initial year was for over 50Kt Cu equivalent production but then fell down over the remaining 15 years so I just averaged that out.


CuMtn upgraded their feasibility Study but that seems to be back down to AUD$1.57to USD$1. So that information seems irrelevant now.
It seems CuMtn are selling to assist in financing their Vancouver mining expansion.

What I did note is that the Cut Off grades substantially lower
Initially, gas generated power was to be used for electricity production but seems to have lost out to a 220Kv supply line 11km away.
Also, main road bypassing Cloncurry to Mt Isa is planned so involves Main Road modification and construction.
Thinking about the trucking volumes 28% Cu concentrate means at least 2-3X the transport costs of Nifty Shipping copper metal plate.
2.5% WA royalty for Nifty Cu cathode compared to 5% Qld royalty.
Nifty AUD$260m CAPEX to A$836m

All in All, Nifty is a far better proposition costs & CAPEX wise. Just needs some finance.