and that would be on just on copper at $1.50 and an estimated cost of production of US$0.85c a lb NO gold The return on that money would be $430,413,223 OR 25%
assumptions 1. 10% lose of product 2. long term cost of production (estimate is US$0.85) 3. long term price for copper US$1.50 4. profit discounted another 10% for risk of not producing forecast earnings. 5. Gold and silver including in cost projection
copper reserves - 1.9m tonnes 1 tonne = 2,204lbs 4,187.6 lbs discounted 10% for lose in production 3,806,909,091 lbs long term price for copper = US$1.50 costs based on estimate '09 of .85 long term costs $1 profit $0.50 Total $1,903,454,546 discounted 10% for future risk $1,730,413
so if you include the cost of the plant of $1.3bn
you get this calculation
$1,730,413 -$1,300,000,000 $430,413,223 US$0.137
1.17 x 1.19
AUD$0.16 per ozl share
based on info on P20 of the annual report http://www.ozminerals.com/Media/docs/oxiana_review_07_web-2d9f24d8-5164-426c-aa1e-2594fed5a587-0.pdf
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