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Re: scaryharrysafari post# 1043

Tuesday, 01/11/2022 6:38:10 PM

Tuesday, January 11, 2022 6:38:10 PM

Post# of 1105
Thanks Scaryharrysafari, "smigden" of gold and silver is too loosely worded and do not reflect reality!....if you do some DDs!,


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Silver is about 12-15% compared to Cu!!.

Gold is much less, but overall, it is not a pittance, 617Koz of gold and 21 267 KOz of silver!..
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like this:
Project Economics1 Post-Tax 25% IRR and US$301M NPV5% (post construction)
Opex2

First 5 Years
C1: US$1.68/lb Cu
AISC: US$1.86/lb Cu

LOM
C1: US$1.81/lb Cu
AISC: US$1.96/lb Cu
Production Profile Y1-5 annual avg. of
60 Mlbs Cu, 9 koz Au, 173 koz Ag
LOM annual avg. of 50 Mlbs Cu, 8 koz Au, 150 koz Ag


Recovery estimates are pretty good:
Cu-equiv based on prices of $3.00/lb Cu, $1,300/oz Au and $17.00/oz Ag and met recoveries of 92%,78% and 70% respectively.

Proven and Probable Mineral Reserves 385.7 0.47 0.002 0.055
3,590 617 21,266