Finally reached their Projections Great Bolivia is no longer a headache. Going all the way back to 2010 they are actually doing better then the production projections for the cash flow model, Just 20 months late (and for that it is good bye Carlos). I think all are waiting to know if they are making the cash flows they projected.
https://www.orvana.com/news/pdf/100820.pdf
Base-case operational parameters are as follows:
Throughput (transition & sulphide): 1,700 tpd (for 10.5 years)
Avg. Annual Production (LOM) 14,400 ounces Au
6,600 tonnes Cu
460,000 ounces Ag
Gold recovery (LOM – all ores): 58%
Copper recovery (LOM – all ores): 83%
Silver recovery (LOM - ores): 59%
Key financial input parameters are (all values in US dollars):
Pre-production capital: $20,956,000
Working & sustaining capital: $ 9,119,000
Mine operating cost: $ 3.75/t ore, $1.90/t waste
Strip Ratio (Waste:Ore): 0.51:1
Processing cost:
LPF: $ 33.32/t ore (Oxide/Transition)
Flotation –only: $ 17.26/t ore (Sulphide)
G&A: $ 4.00/t ore
Copper price (LOM): $ 2.00/lb.
Gold price (LOM): $800.00/ounce
Silver price (LOM): $ 12.50/ounce
10-year mine life with annualized production of nearly 19,000 oz gold, over
600,000 oz silver and nearly 8,000 tonnes copper over first 5 years
o Construction 75% complete with start-up in fall, 2010
Toronto, Ontario, August 20, 2010 – Orvana Minerals Corp. (TSX symbol: ORV)
announced today the highlights of their 43-101-compliant reserve statement and cashflow model for the Upper Mineralized Zone (“UMZ”) copper-gold-silver project in eastern
Bolivia. The planned 10-year mine will produce over 150,000 ounces gold, nearly
5,000,000 ounces silver, and 70,000 tonnes copper over the mine life, and yields an
after-tax IRR of 81% and NPV(10%) of US$43.6 million. Cash costs are US$529/ounce
gold net of by-product, or US$1.32/pound copper net of by-product.