TGS 0.00% 4.9¢ tiger resources limited

payback in 2 months

  1. 262 Posts.
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    Having not a lot to do today, I got onto the Tiger's website and had a re-read
    of their latest presentation. I had seen it before, but my attention was drawn to
    a slide marked Kipoi Project Economic Indicators. On this slide it gave the
    company projections for how long it would take to payback capex at various
    copper prices. It went something like this:
    Payback @ $3.00/lb - 6 months
    Payback @$3.50/lb - 4 months

    The obvious point is : Copper is currently sitting on $4.42/lb on Kitco, so even
    on my dubious maths that should mean that Kipoi may have a payback time of
    possibly 2 months or less, assuming of course that copper prices stay in this
    vicinity. This is amazing, and I don't think I can recall a mining project anywhere
    with such incredible economics. One can only dream about where a company
    like this could go in the current resource climate.

    Happy New Year all.
 
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