Essay Creek FS Study …..$450 per ounce of reserves Same grade as HD , 4.6 million ounces and NPV5 of $2 billion which is $450 per ounce....after $713 m in mine capex .
This would value 272,000 ounces of HD at about $140 million and we have our own mill
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Eskay Creek 2023 DFS highlights:
- After-tax net present value (NPV)(5 per cent) of $2.0-billion at a base case of $1,800 (U.S.) gold and $23 (U.S.) silver;
- Industry-leading after-tax internal rate of return (IRR) of 43 per cent and an after-tax payback of 1.2 years on preproduction capital expenditures (capex);
- Life of mine (LOM) all-in sustaining cost (AISC) of $684 (U.S.)/oz gold equivalent (AuEq) sold;
- Proven and probable mineral reserves for open-pit mining of 39.8 million tonnes (Mt) containing 3.3 million ounces (Moz) gold and 88.0 Moz silver (4.6 Moz AuEq);
- Years one to five: average annual production of 455,000 oz at 5.5 g/t AuEq and average annual after-tax free cash flow of $474-million;
- Years one to 10: average annual production of 370,000 oz at 4.2 g/t AuEq and average annual after-tax free cash flow of $365-million;
- Estimated preproduction capex of $713-million, yielding a compelling after-tax NPV (net present value): capex ratio of 2.8:1.