STM 16.7% 0.7¢ sunstone metals ltd

Ecuador and general reseach., page-422

  1. 3,848 Posts.
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    To put Brama into production at say, the in ground resource indicated by xma maybe around 5-6moz @ 330-360mt ore.

    Used in good condition Heap leach plants @ 4mt capacity including pads and tailings environment studies around $100ml
    Used in good condition CIL plant @ 4mt capacity including pads tailing environment studies around $150m
    Take 40-45% of for a 2mt pa plant
    CAPEX of $150-200m
    Mine Mineral Recourse 157mt for 2.7mloz Au Ag at present
    4mt input for roughly 61,000oz Au Ag pa maybe some Cu
    wholesale price $1000oz for $61ml pa Revenue LOM heaps....... rough figures
    Less OPEX...... in ECUADOR should be cheaper than here in Oz and at surface low strip.
    A moduline model can be scaled up or down. Start small and scale up

    For STM to go to production we will need to attract a financial backer. We will need more indicated resource and BFS which costs heaps but well worth it in the long run. Unfortunately ATM management have CRed through brokers and the MC has been smashed. They need a mining insto/financial/JV to back them to production and it isnt going to happen if their in penny dreadful territory or we might be T/O cheaply.. Regardless This could turn out to be a profitable enterprise. .
    GLAH
 
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