RE:WRN value?Hi NMpappy78
You need to subtract off the cost of recovering the metals including:
mining
processing
concentrate transport, treatment costs, refining
admin costs / accomodation / power generation / flights
sustaining capex
recovery
payability
I think that you should look at the other comparable deposits that are sitting around waiting for some type of white knight to charge in and build them...
KSM - seabridge gold
Donlin - novagold/Barrick
Galore Creek - novagold/Teck
Pebble - northern dynasty
while you are looking at those projects I think it also makes sense to bench mark Casino against other mines that are built in similar environments and ask yourself whether or not the cost estimates look right. Teck operates Highland Valley which is close to infrastructure, grid power, cities, highways, and etc. and is a mature mining operation. Their operating costs are higher than those predicted for Casino, not to mention the farce of thinking that liquid natural gas will be the saviour of the project.
Casino is in permitting limbo and once it is out it has a high likelihood of sitting around like the rest of the huge projects that were conceptualized during the days of growth for the sake of growth rather than profitability.
good luck