PINL:VLTAF - Post by User
Comment by
eebleron Apr 12, 2013 9:02am
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Post# 21245645
RE: RE: Goldman analysis
RE: RE: Goldman analysis RIO was able to finance their mine for $20m because it is based on an oxide gold deposit, and so they could get away with a much cheaper heap-leach operation. As for profitability, once you add in G&A and Peruvian taxes/royalties, RIO's all-in costs are somewhere up around $1200/oz. It is an interesting company to compare against for how they self-funding production improvements, but the costs to do that are very minimal in relation to what VTR has to deal with. When/if they decide to go after the sulphide deposit, then it will serve as a much better financial comparison.