The Stage 1 updated DFS for Rentails must be due in the next few months. Digging out the 2017 DFS:
NPV8% of A$260M (pre-tax) and IRR of 37%;
Cash operating cost of A$13,400/t Sn (net of copper credits) providing operating cash margin of approximately A$12,600/t Sn at prevailing tin price of A$26,000 /t Sn;
Construction capital cost of A$205 million.
Average annual production of approximately 5,400 tonnes of Sn & 2,200 tonnes of Cu;
Project life of 11 years at 2 million tonne per annum (tpa) treatment rate with further upside opportunity for treatment of additional tailings and intermediate streams.
It'll be interesting to see how much the cost has increased in five years, the prevailing tin price is now ~30% higher
MLX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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