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agree and yes the mine was has a larger capture area for...

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mwhite1

1,798 Posts.

84

24/07/20

23:36

Post #: 46062421
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Originally posted by ynotinvest: ↑

in the latest feasibility study which was done in 2015 (can you guys believe it’s been freaken 5 years since they completed the FS???? Jesus I feel old now). In that study they said that the initial investment would be $480m. So yeah, lots and lots of cash is required to get this project off the ground. Some should double check my numbers cos I’ve been wrong In my last few posts.

For simplicity sake if you assume that they were somehow able to borrow that whole amount at 5% Interest, they would be making about 100m a year in profit before tax, and repay the loan back in 5 years. After that it’s $123m in profits before tax a year for the shareholders for 10 years. They did a cap raising in 2018 to update the FS, which was supposed to be released in late 2018, but still haven’t heard anything. Hopefully with advancements in mining technologies they can push the capex and open down.

not sure whether you read the response from @dhc but this is just half of copper that is actually in the ground. The original mine was supposed to be double the size but from memory the gov didn’t give rxm the mining licence for that (or something like that)

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agree and yes the mine was has a larger capture area for resource in the future.

bring it the future always needs and loves gold Copper is the staple or iron ore the icing.

RXM Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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