New Resource Estimate Uses Invalid Commodity $’s404 permit application mine plan “resource” details, $4.2 billion to construct (minimum), ~$1 billion sunk cost, high annual operating cost; estimated all-in gold equivalent cost at $1,275 per ounce (includes copper, rhenium, palladium and moly credit).
20-year mine life (14-years mining). 6.7 billion pounds Cu, 353 million pounds Mo, and 11 million ounces of Au in the measured & indicated category including inferred. 0.3% Cu; 3 grams per ton Au, 158 ppm Mo. Typical rhenium (Re) and palladium (Pd) copper/moly porphyry mined ton concentration used.
Assumptions: fuel costs remain at current levels, 90% mining head grade and processing recovery, perputual (forever) water treatment cost not included, fully lined bulk tailings facility not included. Shipping and smelting costs included.
2019 feasibility study. Preliminary Economic Assessment and NI are inadequate in detailing all-in cost and reserve classification.
2027/2028 production.