RE: RE: RE: RE: RE: Preliminary Economic AssessmenYes this stock is still a huge bargain. In an earlier post months ago I came up with cash costs of $1.53 and did my modeling based on 150 million of capex. Good guess.
You must realize this NPV in this release only demonstrates the economics of the high grade portion of Copperwood project produced at 5000tpd and doesn't include the likely expansion to a 10000tpd operation for the lower grade portion of the project that likely contains 3.3 m tons of inferred resources at 1.4% Cu/5 g ton Ag under 43-101 standards and 45.5 million tons at 1.23 % Cu/5 g/ton Ag not under 43-101 standards and probably will require around 50 million in additional capex and another 12 years of production.