TSXV:PML - Post Discussion
Post by
sdhaka on Jan 16, 2024 6:16pm
Panoro Minerals Grows resource, adds high grade
Panoro Minerals Ltd. / TSXV: PML
PR Title
Grows resource, adds high grade, reduces waste:ore ratio, and increases precious metals at the Cotabambas coper project, Peru
FRC Opinion
Positive – Resources increased 35% to 6.7 Blbs of copper, and 6 Moz of gold; grades were down 3 pp to 0.3% copper, and 0.19 gpt gold. A major highlight of this new estimate is the addition of a high-grade component including 3.3 Mlbs copper (0.66%), and 3 Moz gold (0.43 gpt). PML is updating a PEA completed in 2015, which had returned an AT-NPV7.5% of US$1B, using US$3.25/lb copper, and US$1,400/oz gold. We believe the substantial rise in resources will more than offset the effects of lower grades, and the elevated OPEX/CAPEX stemming from inflation since 2015, ultimately yielding higher NPV and IRR.
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