forgot to go from 30 mt/year mining rate to 60 mt/y Adding on...

forgot to go from 30 mt/year mining rate to 60 mt/y







Adding on the recent gains in metals as 100 % ebita


the biggest leverage to copper on the asx




gold 2300, copper 10,000 and silver 28



$300 gold x 15 tonnes x 35274 ounces to tonnes = 158 m
$2000 copper x 180,000 tonnes = 360 m
$8 silver x 50 tonnes x 35724 ounces to tonnes = 14 m



so increase is 532 m a year US or 800 million aussie

based on 31 mt/year

on 60 mt/y you get an extra billion US per year

or 2.75 US b per y based on previous assumptions


gunna make $AU 4 b a year at current price


plenty of guesses



dyor, cavet cavet, probably never be a mine, tonnes of country risk















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)