You'd just need a 40-50mt reserve for 20yr LOM.
2 - 2.5mtpa is ~norm for projects being planned.
Imo Adina could easily "tread water" and turn a modest profit during early years (also most efficient years of mining.)
It would be an operating mine, economically sustainable, and online if/when SC6 prices increase (or possibly spike dramatically) for the owners to reap the profits, PLS style.
With that in mind, some modelling for Adina using low SC6 prices:
Years 1-7 (shallow high-grade zone):
2.5mtpa @ 1.4% and 75% recovery = 438 ktpa SC6
Say AISC 650 usd /t and SC6 price 1050 /t = 265m aud EBITDA /yr
Years 8-13 (avg grade decreasing):
2.5mtpa @ 1.3% and 75% recovery = 407 ktpa SC6
Say AISC 700 usd /t and SC6 price 1250 /t = 340m aud EBITDA /yr
Years 14-20:
2.5mtpa @ 1.2% and 75% recovery = 375 ktpa SC6
Say AISC 750 usd /t and SC6 price 1400 /t = 370m aud EBITDA /yr
Hope I got those numbers right.
Total EBITDA over 20 years = 6.5bn aud
Could be some significant tax credits too.
WR1 General Discussion, page-26809
-
- There are more pages in this discussion • 4,943 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
61.0¢ |
Change
0.040(7.02%) |
Mkt cap ! $131.9M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 61.5¢ | 57.0¢ | $322.8K | 540.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7322 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 24244 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |