GREY:STACF - Post by User
Post by
junior_mineron Apr 02, 2007 12:21pm
233 Views
Post# 12530826
Progressing, but needs more drilling
Progressing, but needs more drillingI'm getting after tax NPV of USD 350-400M at 0,65 Zn and 0,30 Pb at 40000 tpd. That is not enough to justify mine (~low IRR, high capex). (Not factoring in smelter price participation dynamics, since they don't provide that info, but that would certainly improve the economics)
Double the high grade and drill that extra +200M tonnes for 15 more years and NPV almost doubles and selwyn would be a mine.
Using USD 1.0 Zn gives you absurd numbers of course. Hope they can affort using lower prices in the new PEA.
Looking good to me.