Tinka's (TKRFF) PEA Is Good, With A Meaningful Space For Further Improvements Left | The Ayawilca mine should produce 222.667 million lb zinc and 906,000 toz silver per year on average.
by Peter Arendas on Seeking Alpha July 5, 2019.
The initial CAPEX is estimated at $262 million, and the overall production costs (including the off-site costs) should be around $0.8/lb zinc.
The after-tax NPV (8%) equals $363 million and the after-tax IRR equals 27.1%, according to the PEA.
There are several ways to improve the economics of the project further.
Tinka Resources (OTCPK:TKRFF) released the results of its Peruvian Ayawilca zinc-silver project. Although the results are not bad, the market probably expected a little more, given the share price reaction. Tinka's shares declined by 22% since the PEA results were announced. However, it is hard to say to what extent the decline was caused by the PEA and to what extent it was caused by the continuing zinc market weakness.
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