PEA After-tax NPV at 5% discount rate of $48 million at $US 1600/oz increasing at US$1900 after tax IRR $43%
-Initial capital cost of $22 million
-Substaining LOM capital cost of $21.3 million
-total mill feed of 2.0Mt at 2.36 g/t Au
-LOM average annual gold production of 30Koz
-LOM strip ratio of 5.4:1
LOM total production of 145.1 Koz(95% recovery)
LOM cash costs of $1252oz (US$939/oz)
LOM AISC of $C1420/oz (US$1065/oz)
So this was the open pit idea they cancelled because of escalating costs and inflation and to look at other options. So many thoughts on this company and the opportunity if they got capital. I see Gold Fields eating them up soon, $120 million just in Tax credits that they can use against Windfall. Ad in 3.1 million ozs that they can economically extract and a mill and land package, very easy to sell to thier shareholders. Cheap investment to the one they just made. There is a lot more gold they will discover with the 75 million they are investing in exploration. BTR just needs to sit and conserve capital and keep MAP off any promotions, and let Caesar do the talking, MAP sticks with planning.