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Ann: Mount Gunson Copper Prelim Feasibility Study, page-5

  1. zoomyjeff
    3,339 Posts.
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    12/10/09
    15:29
    Post #: 5765627
    re: Ann: Mount Gunson Copper Prelim Feasibili... Galaghmc

    Read the fine print "The $21M pays back the capital with a little left over and the plant." If Windabout does not go ahead the value of the plant would be negligable.

    What I like about this is the concervative nature of the announcement i.e. the feasability is based on $2.70 per pound, every $1 increase is $14M per year for two years.
    I am not sure but I think at its peak copper was at least twice this. Maybe someone can confirm the price copper has been to.
    GUN Price at posting: 10.3¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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