Been poring over old company releases looking for signs for hope.
It seems current commodity prices are now above and beyond the Scoping Study estimates. I remember some were doubtful when the SS was released, and also the PFS being deliberately slowed b/c of prices. Value per ton ore is up 10% on the higher grade deposits, and 13% after opex is deducted.
size Cu, lb Co, lb Zn, lb Pb, lb Ag, oz Ni, lb p/t SS *rec p/t spot *rec diff 1 Scoping Study $3.09 $23.31 $1.23 $1.08 $19.00 $6.80 2 Spot, 7/04/21 $3.98 $22.73 $1.25 $0.88 $25.10 $7.26 3 Difference 29% -2% 2% -19% 32% 7% 4 Marley, Cu res 18.4Mt 1.05% 0.14% 0.72% 0.90% 0.94 $10 $197.32 $217.49 10.23% 5 Marley, Co res 17.4Mt 0.26% 0.09% 1.01% 0.80% 0.65 $7 $118.70 $123.41 3.97% 6 Amy 5.1Mt 1.25% 0.14% 0.63% 1.35% 1.19 $10 $223.06 $246.57 10.54% 7 SS recoveries 96.50% 90% 85% 95% 95% 90% 8 opex p/t $44 9 margin, M Cu $153.24 $173.41 13.17% 10 margin, M Co $74.62 $79.33 6.31% 11 Amy $178.98 $202.49 13.13%
Notes. Blue is prices, green is resources, yellow is margin after opex.
Opex per ton converted from AUD to USD. Per ton value uses recoveries as given in the SS release.
How many Oz undeveloped copper resources contain over $200 USD per ton? Or have 4x margins on opex?
Been poring over old company releases looking for signs for...
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