GREY:STACF - Post by User
Comment by
JoeBloon Jan 11, 2007 2:48pm
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Post# 11996391
Here is another one...
Here is another one...Check this out...
Taseko Mines has a property with 480,000,000 tonnes of ore (proven and probable). The total recoverable value of the metal is about $8 billion, or about $17 per tonne (compared to PAX's $240+ per tonne or $200+ per ton). And the company seems pretty excited about this property. Here is some of the details in a recent NR:
480 MILLION TONNES OF MINERAL RESERVES AT TASEKO'S PROSPERITY GOLD-COPPER PROJECT
Taseko Mines Ltd. has provided the positive results of a prefeasibility level study of its 100-per-cent-owned Prosperity gold-copper project, indicating that the property hosts proven and probable reserves of 480 million tonnes grading 0.43 gram per tonne Au and 0.22 per cent Cu at a $4.00-net-smelter-return-per-tonne (NSR/t) cut-off.
The Prosperity project is located 125 kilometres southwest of the city of Williams Lake in the Cariboo-Chilcotin region of British Columbia, Canada.
The prefeasibility study was done using long-term metal prices of $1.50 (U.S.) per pound for copper, $500 (U.S.) per ounce for gold and an exchange rate of 80 U.S. cents/$1.00 (Canadian).
Project highlights:
located near existing infrastructure in south-central British Columbia;
pretax net present value of $300-million at 7.5-per-cent discount rate;
pretax internal rate of return of 14 per cent with a six-year payback;
19-year mine life at a milling rate of 70,000 tonnes per day;
life of mine strip ratio of 0.8:1;
total preproduction capital cost of $756-million;
operating cost of $5.78 per tonne milled over the life of mine; and
mine site production costs net of gold credits of 48 U.S. cents per pound Cu.
The mineral reserves estimated from the study are provided in table No. 1.
PROSPERITY MINERAL RESERVES AT $4.00 NSR/T CUT-OFF
Recoverable
Gold Copper
Tonnes Gold Copper ounces pounds
Category (millions) (g/t) (%) (millions) (billions)
Proven 280 0.47 0.25 2.9 1.3
Probable 200 0.36 0.18 1.6 0.7
--- ---- ---- --- ---
Total 480 0.43 0.22 4.5 2.0
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