numbers for blackard

Blackard only Copper Gold g/t
Total ore 26290000 0.64% 0.01
Ore p.a. 4000000
metal p.a 25600 1410.934744
metal recovery 0.964
after recovery 24678.4 1360.141093
CAPEX 200,000,000
Debt at 10% 0.7 $140,000,000
Equity 0.3 $60,000,000

Copper price t us 8000 197427200 1088112.875 198515312.9
Gold price oz us 800
Mine life 6.5725
$198,515,312.87
Operating costs lb $1.30 $70,772,715.52
Revenues $127,742,597.35
Interest 0.1 $14,000,000
After interest $113,742,597.35
Taxation 0.3 $34,122,779.21
After taxation $79,619,818.15
DCF AFTER INTEREST AND TAX $367,193,842.91 (10% DISCOUNT)
Debt repaid $140,000,000
Net benefits after debt $227,193,842.91

Shares on issue 300,000,000
Assume raising at 20 cents 300,000,000
Total new shares on issue 600,000,000

Share Price $0.38


pretty rough, took me an hour. to be honest i dont like it... its so low grade i had to use pretty optimistic copper and gold prices (8,000 copper/t and 800 oz for the next 6.5 years...)

i will be interested to see what numbers they throw up on friday and review it as necessary