Hi Gallaghmc
Those assumptions look reasonable to me and a decent guide to potential value. They also fit in with previous estimates. For example Proactive Investors released a research report on GUN back in March. Link:
http://www.gunson.com.au/IRM/Compan...onfasttracksMountGunsonJVseekspartneratCoburn
In the key points summary they state
MG14 and Windabout contain identified JORC resources of 209,680 tonnes of copper with
significant cobalt and silver credits. Conceptual potential exists for a Life of Mine of up to
17 years that outputs 9,000t of copper per year plus cobalt and silver credits.
Conceptual studies indicate that the project has potential to generate annualised copper
revenues of ~$76 million plus cobalt and silver credits.
Peer group analysis indicates that Gunson’s 49% interest in the Terrace Joint Venture after
the farm-in phase will carry a conceptual valuation of 14 cents per share on
commencement of mining operations.
Similar numbers to your estimates which gives some confirmation of your points.
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