Osisko releases PEA, can BTR do better?Osisko have a PEA for Windfall and Osborne Bell deposits. NPV is $413mil, producing 1.9mil ozs at a grade of 6.7g/t and a recovery rate of 92.4%
They intend trucking ore from Windfall to a processing plant around 110kms away. This sounds very similar to what BTR might be doing in a few years time, so is a good comparison.
BTR will have a mill once the merger is completed. The recovery rate is higher and the grade is likely to be 9g/t or more so that is an improvement on Osisko's figures.
If BTR can prove up a resource of around 2.5mil ozs, then I would estimate their PEA would show a NPV in excess of $600mil given that they save on the cost of building the mill etc.