RE: RE: Hung Fat and Dr. Nohttps://www.ttmresources.ca/english/wp-content/documents/chu_economic_assessment.pdf
P. 127
Chu - 60,000 Tonnes per day, avg. grade .065% (I estimated that %)
Includes:
Prestrip - 30 M
Equipment - 242 M
Buildings - 43 M
Other Cap Costs - 28 M
Power Line - 75 M
Process Plant - 413 M
Working Cap - 47 M
Contigency - 165 M
Total 1045 M
With Used Equipment and Used Process Plant: 727 M
https://www.molymines.com/public/documents/4/5/Spinifex_Ridge_Feasibility_Study_20070925.pdf
P. 6
Spinifex Ridge - 60,000 Tonnes per day, avg. grade mined .065%
Includes:
Mining: 21.3
Crushing & Grinding:120.8
Concentrator: 335.3
Plant Infrastructure: 108.9
Tailings: 55.5
Plant Utilities: 26.0
Accommodation Village, General Infrastructure: 60.5
Water Supply: 58.5
Site Services, Construction Support & Owners Costs: 101.8
EPCM Allowance: 84.1
Contingency: 98.3
Total: 1,071.0
Look at these estimates and consider Lone Pine. Take away the 350 M concentrator cost. Take away 70% of the equipment costs, or 140 M, as the capacity would not start at more than 10,000 tpd. Take away the majority of site services, infrastructure and accommodation costs as well. Add costs to connect to rail line as well as extra costs for prestripping or prep and the LP might look like this.
Prestrip - 50 M
Equipment - 60 M
Buildings - 30 M
Other Cap Costs - 28 M
Power Line - 1 M
Working Cap - 47 M
Rail line - 10 M
Contigency - 40 M
Total 269 M
This is by no means definitive, so please if you want to fix it go ahead. Please include the reasoning.
Another note from the Chu report:
Not included in this estimate are the following:
• Land Acquisition and Rights-Of-Way
• Sunk Costs
• Permitting Costs
• Environmental Studies
• Reclamation Costs
• Escalation Beyond First Quarter 2008
• Foreign Currency Exchange Rate Fluctuations
• Taxes
• Risk due to political upheaval, government policy changes, labour disputes, permitting
delays, weather delays or any other force majeure occurrences.