finally anouncment is out and i called Peter (tried few times ) and finally spoke to him ( will charge my time and phone calls to you HC guys)
few points from him:
1. JV will be out in 3 weeks, stongly expected
2. Capex of $650mln is NOT only for Marensky Reef , it will cover 75% of UG2 + 70% of Heopantz + 70% of De Kom
3. It will be staged approach , next mine up in 6-7 years(UG2)
4. Capex on the ground will be used for UG2+Heopantz+DeKom
( Concentrator + Pland Set up > accoun for over majority of CAPEX
so, plug numbers to excell ( i did this following conservatevely) and got IRR of over 31% , mine life 43 year and NPV 3.8bln for Marensky Reef+UG2+Heopantz+DeKom
start year Capex
2 Marensky Reef 640,000
7 UG2 200,000
10 Hoepaktz 200,000
13 De Kom 200,000
Remember STAGED approach
DRA would not waste time and money if JV will not be ready
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- spoke to pl just now
spoke to pl just now
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