Re: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)
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Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Message: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)
MoneyK, I was wondering if you would teach me how you did your NPV calculations.
I have made an attempt below but there a few things where I don't know where to plug them in.
Step 1. Calculate the Cash Flow per Year: using your prices: Copper $3.15; Gold $1,300; Silver $17.50; and Molydebum $10.00.
I don't know where to plug in the Sustaining cost of $1B?
| FS/PEA (2021) | ||
| Annual production | (Y 1-7) | |
| Copper (M lbs) | 262.6 | $827,190,000 |
| Gold (T ozs) | 236.5 | $307,450,000 |
| Silver (M ozs) | 1.3 | $22,750,000 |
| Moly (M lbs) | 11.5 | $115,000,000 |
| CuEq (M lbs) | 403.9 | |
| Total in US$ | $1,272,390,000 | |
| Total in Cdn$ | $1,652,454,545 | |
| Cost per lbl: based on copper only | 262.6 | $393,900,000 |
| Sustaining Costs ($1 B over 21 years) | $47,619,048 | |
| Cash flow: Years 1 -7 | $1,210,935,498 | |
| Annual production | (Y 8-21) | |
| Copper (M lbs) | 218.9 | $689,535,000 |
| Gold (T ozs) | 170.5 | $221,650,000 |
| Silver (M ozs) | 1.3 | $22,750,000 |
| Moly (M lbs) | 12.2 | $122,000,000 |
| CuEq (M lbs) | 335 | |
| Total in US$ | $1,055,935,000 | |
| Total in Cdn$ | $1,371,344,156 | |
| Cost per lbl: based on copper only | 218.9 | $328,350,000 |
| Sustaining Costs ($1 B over 21 years) | $47,619,048 | |
| Cash flow: Years 8-21 | $995,375,108 | |
Step 2: Calculate the NPV.
I plugged in the numbers - the first 4 years I avaraged the $2.8B construction costs.
But I'm off your calculation of $4.7B NPV. Where have i gone wrong?
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