Summary of Economic Results
ItemUnitBase Case3-Y Avg* CaseSpot Price** CaseReal Options Case
Metal Price
CopperUS$/lb3.253.633.693.25
GoldUS$/oz1,445.001,445.001,736.001,445.00
SilverUS$/oz27.7427.7432.7127.74
MolybdenumUS$/lb14.6414.6411.3414.64
Exchange RateUS:Cdn0.970.991.020.97
Pre-tax Economic Results
Operating Cash FlowCDN$ M10,74612,06512,16111,284
NPV (at 5%)CDN$ M1,6942,3482,4192,665
NPV (at 8%)CDN$ M5139671,0241,382
NPV (at 10%)CDN$ M25388437836
IRR%10.1311.912.1415.4
PaybackYears6.485.815.74.9
Cash Cost/lb CuCDN$/lb1.151.191.121.15
Total Cost/lb CuCDN$/lb2.092.142.072.09
Avg Annual operating Cash Flow***Millions371414425640
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Our NPV is a lot more respectable at 5%, and as Vette says - if we get the EA finished, then we have a much better value. Add on top of the given conservative NPV the value of the inferred resources - and we're looking at numbers closer to what we had predicted before.
Too much reading in between the lines and too much conservatism. We never were great at PR - though with EE, we've never had to be.
