ph wins best metalliferous mine of the year, page-6

As you would now from previous threads, with the information I have, which isn't much, I think that anything over us$500M is too expensive.
BUT, I do not have all the data. I use P Hill as a good point of reference. 100,000t copper per annum, 10 year mine life, C1 cash cost of 75c costing 1.3B. So if Northparkes was 50,000t copper per annum, with a mine life of 10years and a similar C1 cash cost, then $650m would be reasonable.

I had another look at the P Hill underground development. It would appear that they are proposing 2 underground mines. One where they are currently mining and another shaft at the western copper Resource. The issue with these developments is that they are some years away (3) before the sales hit the bottom line. If NorthParkes did stack up, then the revenue would appear much sooner.

I am happy though for slow and steady by the company. I do not want another Avebury.

HT1