Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: McWatters Estimates

Apr 02, 2008 09:53AM

Apr 02, 2008 10:42AM

Here you go:

"- Total payable metal production of 9.6 million pounds of nickel over the stated mine life. Other metal credits have not been factored in.

- Pre-production capital cost of $19 million, including all underground development, equipment, and surface infrastructure. This figure is offset by approximately $6.0 million of revenue generated by pre-production ore from development. To date, approximately 35% of this work, and 73% of construction work, has been completed, all under budget."

$19mm / 9.6mm is about $2/lb for depletion of capital costs.


Apr 02, 2008 11:35AM
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