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.
esbc president lauds grand chief , page-4
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Last
$105.66 |
Change
-2.460(2.28%) |
Mkt cap ! $39.28B | |||
| Open | High | Low | Value | Volume |
| $106.15 | $106.52 | $105.11 | $88.84M | 838.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 7351 | $116.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $95.10 | 35738 | 4 |
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| Last trade - 15.59pm 04/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |