Per 1000 tons per day >>> NCU copper mathAbove the hedge,
which earns us about $750,000 cash-flow per month but requires the first ~500 to 800 tons per day (grade depending) we get:
Per 1000 tons per day mined, hoisted, milled:
- 1000 tons X 2000 pounds per imperial ton X...
- 30 days per month X
- 90% recovery X
- 2.2% copper (current expect grade in the stope we are just starting on) X
- $2.64 per pound cash-flow (which is $4.50 copper minus $1.86 all in cost)
Equals $3,136,320 per thousand tons
We are ramping up to 5,000 tons per day, but even 1,000 tons per day is already making us good clean cash :)
At today's copper price and annualized using 5,000 tons per day fter the hedge rolls off that is a rediculously huge
$188 million of cash-flow per year. Divide that by (let's say) 2 billion shares and multiply by a very low multiple of 5X =
$0.47 per share with
ZERO $ attributed to the open pit! *** WARNING unlike my previous calculations, this was done at 2.2 % copper rather than 1.8% average grade used before *** DYODD,
Cheers,
Notgnu