EGX nessCalculation again:
Encore des chiffres:
Indiqued :
Los Cuyes : 46,848,000 t of mineral : 0.82 g/t Au : 1,235,000 oz Au = $1,606 millions
and 6.19 g/t Ag : 9,323,000 oz = $186.46 millions
TOTAL : $ 1,792.46 millions
Soledad : 34,900,000 t of mineral: 0.63 g/t Au : 704,000 oz Au = $915.2 millions
and 7.21 g/t Ag : 8,090,000 oz = $161.8 millions
TOTAL : $1,077 millions
Enma : 1,005,000 t of mineral: 2.88 g/t Au : 93,000 oz Au = $120.9 millions
and 32.83 g/t Ag :1,061,000 oz Ag = $21.220 millions
TOTAL : $142.12 millions
Infered :
Soledad : 20,000,000 t of mineral: 0.50 g/t Au : 312,000 oz Au = $405.6 millions
and 6.93 g/t Ag : 4,456,000 oz Ag = $89.12 millions
TOTAL : $494.72 millions
Santa Barbara Sud : 216,300,000 t of mineral: 0.56 g/t Au : 3,898,000 oz Au = $5,067 millions.
and 0.90 g/t Ag. Not anough to extract.
TOTAL : $5,067 millions.
Santa Barbara Nord : 5,000,000 t of mineral: 0,90 g/t Au: 145,000 oz Au = $188.5 millions.
TOTAL : $188.5 millions.
El Hito : 161,000,000 t of mineral: 0.31% Copper : 1.1 milliard of lbs = $3,300 millions.
TOTAL : 3,300 millions
Indiqued :
Los Cuyes : TOTAL : $ 1,792.46 millions
Soledad : TOTAL : $1,077 millions
Enma : TOTAL : $142.12 millions
Infered :
Soledad : TOTAL : $494.72 millions
Santa Barbara Sud : TOTAL : $5,067 millions.
Santa Barbara Nord : TOTAL : $188.5 millions.
GRAND TOTAL : $8,761.8 millions
Total to process : 485,053,000 t of mineral
Mill of 1,500 millions : 2000 t of mineral/hour = 48,000 t/day = 16,800,000 t/year = 28.8 years exploitation
Because sites Cuyes, Los Soledad and Enma are direct line spaced at about 6 kilometers from Santa Barbara North and South, and El Hito, I think they will install a concentrator and a cyclone on this site Soledad los cuyes and then transporting ore concentrates to Santa Barbara to extract minerals. So building a small mill on this site which would cost about $ 500 million maximum. Then on the south site between El Hito and Santa Barbara, where there is more ore to be processed, a mill of a billion dollars for treatment is necessary. So both sites will cost about 1.5 billions. At this price, everything is included, building, mill, garages, power plant ... This is a turnkey.
Annual gross income of $ 304.23 million per year of operation for EGX.
To give you an example: Detour Gold has 15.5 million ounces of gold in 476 million tonnes of ore. They estimated that by treating their ores at the speed of 2,500 tonnes per day, the mine life is 21.7 years and cost $ 723 per ounce in total over the life of the mine. They valued at $ 1,200 per ounce sold. What makes an annual gross income of $ 85,714,285.71.Grosse différence avec EGX qui eux ont un revenu total de $8.761 milliards ce qui me donne 304 millions de revenu annuel.
The final story is, EGX is sitting on a big nest of money. When everyone has realized that, the title will no longer be in the pennies.
I look forward to the PEA will tell us the truth about the total resources and the life of mine that I estimate to be 28.8 years with a mill that will process 2,000 tons of ore per day.
PEA: Q1 2014 and we are at the half of Q1. Very soon we will see the power of EGX.
You can reed this post Catfish (Merlion) and wish you are IN.