Post by
TELEMARKER on Jan 03, 2022 3:45pm
Here is another one
https://www.centerragold.com/operations/kemess/kemess-underground-project
$500 million capex
Comment by
Marine2 on Jan 03, 2022 4:57pm
Show us something with a 50 YR + mine life ! By the time casino is mined out in 50 to 100YRS copper will be $15 LB KEMESS UNDERGROUND PROJECT .The FS contemplates the development of a low-cost panel caving operation to extract the KUG reserves over a 12 year mine life. $500M ?
Comment by
Pinegrove on Jan 03, 2022 5:42pm
I'd be willing to bet that Wrn/Rio will be using a very sophisticated equation to calculate price and the would take into account best case, worst case, most likely future gold and copper prices and weight them accordingly. Rio is taking future risk, however Wrn needs to be credited with likely higher resource prices. (By the way when I say Rio I mean any major that takes this on).
Comment by
nmpappy78 on Jan 04, 2022 2:20pm
Don't overlook the copper potential! It may well double in price faster than gold given the EV's, housing starts, green movement, space exploration, etc.
Comment by
fishfanactic on Jan 04, 2022 2:39pm
Those mega windmills GE is installing use a lot of copper as well. Gold around 1815 today futures market and copper up 4 or 5 cents last I looked