Just went over the Teck Sedar QB2 NI and comparison follows:
| Base case Scenarios |
TCK QB II |
CUU |
| Stage |
|
PFS Jun-2008 |
| NI 43-101 (last update) |
|
Jul-11 |
| BFS Project Mgr |
|
Wardrop |
| Cu Base Case |
$3.25 |
$2.97 |
| Cu Recovery |
|
88.4% |
| MO Base Case |
|
$17 |
| MO Recovery |
|
71.0% |
| Au Base Case |
|
$1,256 |
| Au Recovery |
|
81.0% |
| Ag Base Case |
|
$20 |
| Ag Recovery |
|
71.0% |
| |
|
|
| Tonnage Proven |
1,436,333,000 |
|
| Proven avg Grade |
0.50% |
|
| Tonnage Probable |
|
|
| Probable avg Grade |
|
|
| Tonnage Measured |
744,176,000 |
146,600,000 |
| Measured avg Grade |
0.42% |
0.48% |
| Tonnage Indicated |
|
1,011,500,000 |
| Indicated avg Grade |
|
0.46% |
| Tonnage Inferred |
1,806,460,000 |
597,200,000 |
| Inferred avg Grade |
0.41% |
0.36% |
| Contained Copper lbs |
38,970,118,440 |
16,514,300,000 |
| |
|
|
| Holes |
1,593 |
286 |
| Meters Drilled |
321,799 |
95,962 |
| Average Grade CuEq (M&I) |
0.50% |
|
| Cu cutoff |
0.30% |
0.15% |
| NPV & 5% (after tax) |
|
$2,983,847,000 |
| NPV @ 8% (after tax) |
$2,050,000,000 |
$1,597,500,000 |
| NPV @ 10% (after tax) |
|
|
| IRR |
12.8% |
18.6% |
| Avg Annual Cash Flow (after tax) |
$360,325,000 |
$350,000,000 |
| Payback period (years, after tax) |
5.8 |
4.9 |
| Unit Cash Costs Ttl ($/lb Cu) |
$1.08 |
($0.32) |
| Daily Feedrate (tpd) |
135,000 |
120,000 |
| LOM (years) |
39 |
23 |
| Initial CAPEX |
$5,600,000,000 |
$2,950,406,000 |
| Sustaining CAPEX |
|
$797,379,000 |
| LOM OPEX ($/tonne ore) |
|
$12.49 |
| Annual Cu Production (lbs) |
240,000,000 |
240,000,000 |
| |
|
|
| Shares (fully diluted) |
|
406,200,000 |
| Share Price |
|
$1.17 |
| Market Cap |
|
$475,254,000 |
| Cash |
|
$3,000,000 |
| AMC (Adj MC) |
$0 |
$472,254,000 |
| NPV |
|
|
| NAV |
|
|
| Share $ per lb CU |
$0.0000 |
$0.0286 |
| JV Partners |
|
Teck |
