An ?Order of Magnitude? study undertaken in 2008 indicated costs in a range of US$2bn to US$4bn to reopen the mine assuming all site infrastructure is replaced. We use US$3bn capex, historical indicative cost data inflated to today's dollars and spot copper and gold prices to derive a 10% NPV for Panguna of around US$2bn or $5 per BOC share. That translates to a still minor $0.55 per RIO share. If though we use our more modest long term forecasts of US$2.50/lb for copper and US$800/oz gold, the project becomes marginal at best.
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$105.66 |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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98.260 | 2211 | 1 |
98.270 | 1859 | 1 |
98.830 | 2 | 1 |
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