Tad wrote: bailey2,
A bit frustrating that we haven't seen an updated PEA from Stuhini after last year's information that the company was in the process of hiring on a firm to do one. Here's the video presentation from last April 2022 where the company said they were starting the process
[url=]https://m.youtube.com/watch?v=3fkvG24VtK4&pp=ygUHc3R1aGluaQ%3D%3D]/url]
As has been mentioned previously on this forum, there is a 2022 Feasibility Study available to refer to from Greenland Resources for their Malmbjerg moly deposit with their cost estimates :
https://www.greenlandresources.ca/data/pdfs/Malmbjerg-FS-Report-1.pdf Greenland Resources used $US18.00/ lb moly price
On page 38 tables 1.5 and 1.6 provide Greenland's estimates
US$820.1 Million CAPEX
US$
218.0 Million Sustaining Capital US$1,038.1 Billion Total CAPEX
$3.94 / t Mining cost
$7.70 / t Processing and Tailings
.46 / t G&A
.14 / t Rope Conveyor
.19 / t Infrastructure for port facility US$12..42 / t
Ruby Creek won't need a rope conveyor system, and there is already a port facility at Skagway Alaska which is accessible via road and hiway to the TransAlaskan Hiway through southern Yukon Territories, so those two items aren't needed and would lower Ruby Creek's cost per tonne.
And on page 39 in table 1.7
$10.91 / / unit cost
$5.60 / payable lb of moly
Considering the fact that there will be higher costs for Malmsbjerg operations which is remotely located in Greenland, with no infrastructure or utiliities in place, in comparison to Stuhini's Ruby Creek moly deposit in northwestern B.C which is road accessible from the nearby town of Atlin only 14 km away...... I think it is fairly safe to assume that Ruby Creek's CAPEX and operating costs should come in somewhat lower than those of Greenland Resources Malmbjerg moly mine.
I agree with you Bailey2, it would be nice for shareholders, especially potential shareholders, to have an updated PEA for Ruby Creek.
Adanac Moly Corp's 2007 PEA CAPEX was only C$640 million for a mill and tailings facility for Rubyy Creek .... Operating costs were estimated at US$7.60/lb in the first 5 years and US$7.99/lb afterwards. Will definiely be higher nowadays, but just how much ?
[url=]https://secure.kaiserresearch.com/i/jk/tr16/TRAUA20071201.pdf]/url]
See pages 12 -14 for sumnary of Adanac's estimated costs.
GLTA !