Some implications from the full PEA Stage 1Report from peterhuber91***:
- 1/3 of ESM
*mistake not to pubish together with stage2*
- Accurancy on CAPEX +/- 40% (lower range)
*that means a NPV pretax range from 120m to 320m*
- OPEX 840 USD
*okay ... not as good as hoped*
- Total OPEX incl. royalities 970 usd
- AISC pre tax 1000 usd
*need a gold price above 1400 usd*
- EBITDA marge: 40% / ca. 60 mio usd a year
*okay*
- net profit: ca. 30 mio usd a year
- IRR 15% pretax
*weak, because of long mineplan and high frontex capex which will reduce profitability for the other stages*
- needed money for FS: about 8 mio cad
- Big SP trigger will be PEA Stage2
*IRR should be above 100%, hope we get it til 11.04. for presenting at the mining conference*
P.S.
*** peterhuber91 has written several mails to Support Stockhouse; the account has still not been unlocked, although Support Stockhouse had promised.