Tcisboss, even using the numbers from that last feasibility update dated 13/Oct/11 the income after costs for both metals is about 39mill per annum. Which is still impressive.
Key outcomes of the Costs Estimates include: • Capital costs A$66 million including contingency • Operating costs A$79 / tonne of ore mined and processed • Annual throughput of ore 400,000 tonnes per annum Revenue assumptions • Revenue A$177/ tonne of ore mined and processed • Cash operating margin A$98 / tonne • Tonnes of ore mined & processed 1.4 million tonnes (Pit Phase 1) • Tungsten grade (WO3) 0.60% • Tungsten price (APT) US$460/mtu – discounted by 23% • Molybdenum grade (Mo) 0.13% • Molybdenum price US$15.00/lb – discounted by 12% • Exchange rate A$1:00 = US$0:95 Other potential enhancements to the project include up to 100,000 tonnes per annum of high
THR Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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