Here is another scenario.
Input data:
- contained gold: 4,3 mio oz
- grade: 1,02 g/t
- recovery: 92%
- strip ratio: 3.5
- LOM cash cost / oz: 544$
- minelife: 16 years
- pre-prod. capex: 700 mio
- sustaining capex: 340 mio
|
NPV 5% |
NPV 8% |
NPV 10% |
|
IRR |
gold price 1000 |
262 |
76 |
-18 |
|
9,60% |
gold price 1200 |
770 |
478 |
330 |
|
17,00% |
gold price 1300 |
1025 |
679 |
504 |
|
20,00% |
gold price 1400 |
1279 |
880 |
678 |
|
23,00% |
gold price 1600 |
1787 |
1283 |
1026 |
|
28,50% |
gold price 1700 |
2042 |
1484 |
1200 |
|
31,00% |
gold price 1800 |
2296 |
1685 |
1374 |
|
33,50% |
gold price 2000 |
2805 |
2087 |
1722 |
|
38,50% |
.
Again, all those numbers without guarantee.
Pre-prod. capex is pretty high. Due to fact that capex are the first cash flows, it has a huge impact on NPV and IRR. So can't wait to see the PEA.
Pash