GREY:HNMFF - Post by User
Post by
zulu71on May 15, 2012 10:23pm
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Post# 19913610
CZH VS HMG COMPARISION
CZH VS HMG COMPARISION
| COPPER PROJECTS COMPARISON |
| | Hana Mining (HMG.T) | Crazy Horse (CZH.V) |
| Ownership | 70% | 100% |
| Metal Prices | $3 Cu, $30 Ag | $3 Cu, $26 Ag, $1000 Au |
| Discount | 10% | 10% |
| | | |
| Throughput | 10,000 tpd | 15,000 tpd |
| Capex | $399m | $502M |
| Payback | 7 years | 2.4 years |
| Strip | 6.8:1 | 0.9:1 |
| Mine Life | 13 years | 24 years |
| LOM Prod cost | $1.82/lb | $1.68 |
| Annual Cu Prod | 68m lbs Cu | 76m lbs |
| After Tax NPV | $61m | $503m |
| Post Tax IRR | 13% | 30.40% |
| To Port | 500km | 15km |
| Country | Botswana | Philippines |
| | | |
| Avg Grade | 0.70% | 0.25% |
| CuEq lbs | 4,500,000,000.00 | 6,500,000,000 |
| | | |
| F/D Shares | 99,400,000 | 71,500,000 |
| Recent Share P |
.50 |
.20 |
| | | |
| Valuations | | |
| Market Cap | $49,700,000 | $14,300,000 |
| Per Pound CuEq |
.01 |
.002 |
*CZH is more than 5x undervalued compared to Hana (Per Lb Cu)
*Hana Mining has a Copper Grade that is 3 Times Higher than CZH, Yet their IRR is 20% Less