RE:RE:RE:That is why ana Paula calcs were based on $1200 gold
The Plant will be acquired by Timmins Gold for future use at its recently acquired Ana Paula project in Guerrero, Mexico.A preliminary economic assessment ("PEA") completed in 2014 indicates that Ana Paula represents a robust, high-margin, rapid pay-back, 8-year life open pit mining opportunity which once in operation is projected to generate a pre-tax NPV5% of US$332 million and a pre-tax IRR of 41% at a gold price of US$1,200 per ounce. It is anticipated that the capital savings realized by the Plant Acquisition will significantly improve the economics of the project and reduce the remaining pre-production capital required for Ana Paula to approximately US$100 million.
Firstly It clearly says above that Ana-Paul gonna be an open pit mining opportunity , Secondly it says ana paul gonna generate a pre-tax NPV5% of US$332 million and a pre-tax IRR of 41% at a gold price of US$1,200 per ounce. Does that read to you that their cash costs are gonna be $1200 ??? If your answer is Yes I have to assume English is not your first language (not saying there is anything wrong with that )