EGX Global view of ressources
Hi all EGXers
I made some calculation concerning EGX to have a global view of their resources.
This is approximatively my result. And, to have an idea of those resources, I made a comparaison with Essakane (Iamglod) in Burkina Faso, where I worked there during the construction and the startup in 2010-2011. I choose this mine because I know the production level, the price of the mill and his quantity of mineral processing per year. And with the process, this will give me the longevity of the EGX future mine and the share price comparing to the same mine actually. The share price would be today, if EGX producing in this year, at $1.50 to $1.80. This result is from my calculation and all the information are from the EGX reports. If you have any comments, feel free to do so.
Enjoy!
Santa Barbara South Zone :
236,100,000 t of minerals @ 0,57g/t = 4,330,000 millions of oz (Au); $ 5,629,000,000 @ $1300/oz
236,100,000 de tonnes de minerais t of minerals (Ag) @ 2,43g/t = 18,474,000 millions of oz (Au)= $ 369,480,000 millions @ $20/oz
236,100,000 t of minerals of copper @ 0,10% : 520 millions lbs of copper = $1,430 billions at $2.75/lbs
Condor :
318.900,000 t of minerals @ 0,62g/t = 6,365,000 millions of oz of gold = $8.274 billions @ $1300/oz
El Hito : 161,000,000 t of minerals of copper @ 0,31% Cu = 1.1 billions lbs of copper : $3,025 billions @ $2.75/lbs
Recapitulation of $ per kind of metal :
GOLD :
Santa Barbara : $ 5.629 billions (4.33 millions of oz)
Condor : $ 8.274 billions ( 6.365 millions of oz)
Total $ 13.903 billions ( 10.695 millions of oz)
SILVER :
Santa Barbara : $ 369.480 millions
COPPER:
Santa Barbara : $ 1.430 billions
Condor : $ 3.025 billions
Total $ 4.455 billions
Grand Total $ 18.727 billions in resources
Total of minerals: 555 millions t to process.
With a mill cost of $850 millions (Gold only), we process 7.5 millions de ton of minerals per year.
Mine lifetime of EGX : 74 years.
$ 253 millions per year.
Essakane :
Production : 300,000 oz Au/year = $ 390 millions
Ressources : 3,659 millions of oz @ 0.9 g/t = $4,756 billions
139 millions t of mineral at 0,9g/t.
Total cost / oz : $900
Mine lifetime : 10 years.
All the expenses are :
42% Fuel
13% Material et spare parts
10% Transport, Customs, duties
8% Drilling services
6% Others
5% Machinery et location of equipment
4% Explosive stuff and blasting
3% Meals
3% Transport et vehicules renting
3% Insurances