Croinor's NPVSee below extracts from BNT website according to the 43-101 Prefeasability Study dated Aug 27, 2010. Note that the $47 million NPV (already great) is based on gold prices averaging between $850 to $1178 during the 5 year mine life...
key Highlights of the Prefeasibility Study are:
| | |
| Proven & probable mineral reserve | 689,829 tonnes at 8.35g/t |
| Total contained gold reserve | 185,260 oz |
| Mine life (including 14-month preproduction) | 5 years |
| Daily mine production | 500 tonnes per day |
| Gold recovery | 97.5% |
| Annual gold production | 39,181 to 45,631 oz |
| LOM recovered gold | 170,556 oz |
| Average cash operating cost | $160/tonne |
| Average cash operating cost | US$572/oz |
| Capital cost (including $7.4M sustaining/working capital) | $ 26 million * |
| Total cost per ounce | US$715/oz |
| Total revenue | $182 million |
| Total operating cost | $104 million |
| Total project cost | $130 million |
| Total operating cash flow (before tax & royalties) | $52.4 million |
| Net cash flow (pre-tax after royalties) | $47.4million |
| NPV (pre-tax @ 7% discount ) | $35.9 million |
| IRR (pre-tax) | 97% |
| Payback period | 25 months |
| Pre-production period (including 42,000t of production) | 14 months |
*Includes capitalized preproduction operating cost net of associated revenue
| Gold Price ($US/oz) | 1,178 | 1,165 | 1,123 | 850 | 850 |
| Exchange Rate ($C/$US) | 1.04 | 1.06 | 1.09 | 1.05 | 1.05 |