In addition, that data only related to the Panguna mine itself....

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glauconite

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08/02/24

12:13

Post #: 72302256
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Originally posted by gizard: ↑

So this is all grain of salt stuff based on 1988 production, ore throughput and revenue split

The order of magnitude study in 2016 says ore throughput of the new mine will be 60 mt a year, increasing to possibly 90 mt a year

From the 1988 final production report that ive previously posted -

31 mt of ore went through the mill.

production was 180kt of contained copper, 15 tonnes of gold and 50 tonnes of silver

36 % of sales were converted to Earnings before tax in 1988

Everybody knows that this is 1988 earnings, and costs have changed but refining has got better.

using gold at US$2000, Copper at US$8150 /tonne and silver US$22

Therefore gold at $US71 m a tonne and silver at US$ 0.8 m/tonne

So in the last year of production there was US$1,467,000,000 copper, US$1,065,000,000 gold and US$39,000,000 silver produced

So metal produced on 31 mt was US$2.5 Billion at current prices

on 60 mt thru the mill you get 60/31 US $ 4.9 B revenue

using 0.35 earning before tax multiple you get $US 1.75 billion a year earnings before tax ( then you got interest depreac etc)

current JORC is near 2 b tonnes of ore but its lower grade than was mined in final year of production, so its a 20 + year life mine and theres been no deep drilling

only way not to dilute BOC and the bouganville gov is to get the share price into the 5 billion market cap range and raise 2 b to investors and take on 4 b debt for the 6 billion build

plenty of holes in this as i have no idea

gunna be a huge ride if it gets up

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In addition, that data only related to the Panguna mine itself. It is likely there will be other deposits of commercial grade ore in the area BOC have an exploration licence for. Just my opinion.

BOC Price at posting: 49.0¢ Sentiment: Hold Disclosure: Held
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In addition, that data only related to the Panguna mine itself....

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In addition, that data only related to the Panguna mine itself....

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