GREY:OLEPF - Post by User
Post by
couples4on Jan 15, 2013 12:38am
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Post# 20837997
Our twin(V.GUY)
Our twin(V.GUY) I dream of their FS:(Guyana goldfields)
Highlights of the Study
| Financials @ 5% Discount Rate |
| Gold Price (base case) | US$1,300/oz |
| Production Start Date | Q1 2015 |
| Mine Life (LOM) | 17 years |
| Average Mill Throughput (initial) | 5,000 tpd |
| Average Mill Throughput (extended) | 10,000 tpd |
| Mine Depth | 1,037 metres |
| Strip Ratio | 4.7:1 (waste to ore) |
| Average Gold Grade (mill head) | 2.7g/t |
| Gold Recovery (saprolite) | 97% |
| Gold Recovery (fresh rock) | 94.4% |
| Average Annual Production (LOM) | 194,000 oz/yr |
| Average Annual Production (first ten years) | 231,000 oz/yr |
| Peak Production (year 2020) | 349,000 oz |
| Total Gold Production (Recovered Gold) | 3,291,000 oz |
| Average Operating Cash Cost w/Royalty (LOM) | US$527/oz |
| Initial Capital Cost | US$205 Million |
| Pre-Tax NPV | US$1.12 Billion |
| After-Tax NPV | US$800 Million |
| IRR (After-tax) | 38% |
| Payback (After-tax) | 3.4 years |
About the same grades,our 2010 FS said 196,000 oz/yr ,291MM capital costs,36,3% IRR,409$cash costs and 3 years pay back at 1200$ gold price...Today at the close(4,13$),they have a capital market of 400MM,and TD just upgraded the target to 10$....Do the math guys, don't forget our numbers are for the 2010 FS,and are not included the figures from the latest resources update...