Post by
templetooth2 on Jun 29, 2022 5:45pm
Studies and Such
As has been pointed out here and there, most clearly at ceo.ca, the Feasibility Study will be "complete" in "Fall". (No pun intended.) No mention of timeline for "release" or "publication".
The same slide shows "Eskay Creek project financing announced". I think I'll reserve my comments on that for a separate post.
Speaking of studies, today I stumbled across several. Seabridge, in our neighbourhood, came out with a new pre-feasibility study ahowing an after-tax NPV of $7.9 Billion versus $1.5 Billion in the old study. The IRR shows 16.1% vs 8% previously. I think they're using $1300 per ounce in their numbers. If you're truly interested you could look for yourself. Par for the course, Capex is buried near the end: it's $6.4 Billion vs $5 Billion previously.
There's a number of very-low-grade but suspiciously-high-market-cap companies. Seabridge is the poster child for this category, in my opinion. It has a market cap of $1.4 Billion Cdn. Novagold is another, though they have had a deep-pocketed partner for years, to no obvious benefit. There's another project in Alaska, whose name escapes me, with zillions in gold and copper, which most everyone on the left and right wings of the political spectrum agree would destroy the salmon industry. Somehow, these zombies never die, consuming more than their share of limited oxygen.
Western Copper and Gold also published on their Casino project in the Yukon. These guys have a little over a fifth of a gram per tonne, plus copper at .19%, a little over 4 pounds of copper per tonne. Underground. Capex is a cool Cdn$3.62 Billion. But hey!!, at $1700 per oz and $3.60 copper, it makes an IRR of 18%. Give me strength.
Meanwhile, Skeena languishes around $ 1/2 B. More thoughts on that, later.
Comment by
metalhead666 on Jun 30, 2022 1:50pm
Those huge projects in the middle of nowhere will never see the light of day. Ever. Ske will be a mine and yes cap ex will be higher but so too will the POG. WRN? LOL forget about it. Seabridge...LOL! and the salmon destroying fraud wasteland Northern Dynasty ...bhwa! Not in anyones wildest dreams will that be built