Copy of a earlier posting which summarises all the Mt Carbine announcements.
The following are EXTRACTS taken from Icon announcements which refer suggested cash flow from the Mt Carbine project. • Announcement dated 15 May 08 Stage1 (Retreatment of Tailings) envisages a 2.5 year project life processing 1Mt pa of tailings. which is expected to produce 750t PA of tungsten in concentrate with an annual revenue in the order of $20M and a pre-tax operating surplus of at least $8M at current tungsten prices. • Announcement dated 30 May 2008 Slide 2. Estimated Gross Revenues 2010 13 Mil and 2011 15 Mil and Stage 2 Open Cut 26 Mil. • Announcement dated 13 June 08 Slide 8. Stage one Tailings estimated annual revenue 16Mil and operating costs 5Mil with scope for savings. Capex required (Expenditure) 6.2 Mil • Announcement dated 13 June 08 Slide 9. Stage 2 open Cut estimated Capex 25Mil • Announcement dated 31 July 2008. Stage 1 Tailings retreatment in situ value of $34Mil. • Announcement dated 31 July 2008 Activities Page 4. Capital estimate of 6.2 Mil Annual revenue in the order of 13 Mil. • Announcement dated 11 Sept 08. At current tungsten prices the tailing have an in situ value of 30Mil to 40 Mil and Icon expects to be processing the tailings over a 12 to 18 Months prior to restarting the current Open Pit mine • Announcement dated 24 Sept 2008.Projected net return (Before Tax and after capital expenditure) in excess of 200Mil over a 10 year plus mine life. • Announcement dated 20 Nov 08. Page 22 Net Cash after Capex and Pre-tax of 15 Mil per year from 2011 for 10 Years plus. • Announcement dated 30 Jan 2009. Suggested Capital raising of $250,ooo to purchase a processing plant.
The summary of the above is as follows. 1. 20Mil annual revenue Profit of 8Mil 2. Revenue 2010 13Mil & 2011 15Mil open cut 26Mil (??2012??) 3. Estimated annual revenue 16Mil. 5. Tailing value 34Mil 7. Tailings have an in situ value of 30Mil to 40 Mil 8. (Before Tax and after Capex) in excess of 200Mil over a 10 year plus mine life. 9. Net Cash after Capex and Pre-tax of 15 Mil per year from 2011 for 10 Years plus. • Announcement Dated 3 Jul 09, 55-60Mt @0.07-0.9% using uncut values (Excluding the "hill abutting the north wall of pit which contains numerous historical workings and identified mineralised zones") blaize
Back of the envelope share prices ranged from $0.35, $0.45 to aurumasx$1.00.
Pollymetals at one stage did “Due Diligence” Refer 30 March &13 May June Qtr Page 2 Announcements.
I must admit I can’t wait till we have the outcome of the “Independent Scoping Study”
As you can see per the 24 July Activity Announcement Last page 51% of the shares are held buy the top 10.
Trust this helps.
III Price at posting:
10.2¢ Sentiment: LT Buy Disclosure: Held
