Post by
hartadd on Feb 26, 2021 8:22am
Henrich 428- from an accountant, actuary or undertaker?
Henrich 428- is this report/study from an accountant, actuary or undertaker? Is this a real concern for we BHS investors? If so then it is strange that no one else has noticed/rmentioned it.
This post from last summer has been re-posted yesterday on SH by the poster. What is the poster saying please- that BHS cannot succeed or thrive unless they discover more silver in the Bay Horse silver mine? It is worse calculated on Silver $28 with conceptual ounces V2.0 (NPV per share C$0.336). RE:BHS - Hypothesis - Silver $30 with conceptual ounces V2.0 8/10/2020 Bayhorse Silver Mine 100% interest US dollar resource estimate report October 15, 2018 inferred resource 292,300 tons 21.65 opt "An additional conceptual exploration target of 200,000 to 250,000 tons at a range of grades of 10 to 20 opt Ag for a range of 2 million to 5 million ounces of silver." - page 3, MD & A, March 31, 2020. 200,000 tons 15 opt recovery factor 90% dilution factor 10% diluted ore 487,377 tons 17.23 opt 200 tons of ore per day sorter at a rate of 40 tons per hour sorter at a rate of 640 tons per day (2 shifts of 8 hours) 162 tons of ore through sorter, 7% selected, 15 g/t lost 11.34 tons 239.25 opt after sorter 38 tons of ore at minus 8mm bypass sorter 11.34 + 38 = 49.34 tons of preconcentrate to be transported to processing circuit only 49.34 tons 68.26 opt feed per day milling and flotation circuit at a rate 100 tons per day (existing, no CAPEX) 3,367 oz contained in feed per day 87% recovery 2,929 oz recovered into concentrate per day 10,000 g/dmt of concentrate 9.110 tonnes concentrate per day 11% Cu grade of concentrate 2,210 lbs Cu contained in concentrate per day 90% payable of Ag 2,636 oz payable Ag per day 90% payable of Cu 1,989 lbs payable Cu per day $30/oz Ag $3.00/lb Cu $85,047 total payable per day $100/mt treatment charge $911 TC per day $0.50/oz refining charge of Ag $1,318 RC of Ag per day $0.10/lb refining charge of Cu $199 RC of Cu per day $82,619 revenue per day $10,400 mining per day (through to sorter) $1,000 transportation from mine to processing per day $6,600 processing per day $1,000 transportation from processing to smelting per day $7,000 G&A per day $56,619 gross income per day 300 days/year $16,985,700 gross income per year Website says "Bayhorse Silver has expended a modest US$7,000,000 in Capital Expenditures ..." $875,000 depreciation & amortization per year 28% tax rate $4,510,996 tax per year $12,474,704 net income per year 8 years LOM $80,626,666 NPV (5%) after tax 20,000,000 shares assumed from convertible debentures 240,912,113 fully diluted shares USDCAD 1.33 C$107,233,465 NPV (5%) after tax NPV per share C$0.445 +-??% For Reference Only There is no certainty that the NPV will be realized.