Australia's largest stock trading and investment forum Australia's #1 stock forum

IRC

Click for more information

8.00%

13.5¢ intermin resources limited

Ann: Intermin Signs Exclusivity Deed for potential acquisition, page-12

First 12 Last

Share
Profile

Follow
Manchikken

442 Posts.

9

11/02/19

11:41

Post #: 37396481
Share
Originally posted by DonaldFrump: ↑

Coolgardie (as at Apr-2017 - proactive investors source):

Resource @ 5.89 million tonnes at 2.5 g/t gold for 475,500 ounces of contained gold.
Includes The Brilliant Project, a historical gold deposit which forms part of the company’s tenement portfolio in the highly prospective
Coolgardie region of Western Australia.The deposit was a major open pit gold producer, mined in stages from 1970’s to early 2000’s with total production of circa 88,000 ounces of gold at an average grade of 2.45 g/t gold.

From FML 2017 Annual Report:
PFS for the Coolgardie project: +4yrs Mine Life averaging 32koz PA at all in Cash cost of AU$1,200/oz
PFS NPV of AU$37M assuming gold price of AU$1580/oz and 7.5% Discount rate

Question: if Coolgardie has 475k oz @ 2.5g/t (as per link above), then why is the PFS a 4yr LOM averaging 32koz per annum? 475k / 32K is more than 4yr mine life. Is that because PFS' are based on measured and indicated only?

Expand

Because the Coolgardie project has four legs and a tail, and used to woof before it died.
This area has killed plenty of well-run companies. Run away!
IRC Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

HotCopper Highlights: Your most watched stocks for Week 47, 2024

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 17 more messages in this thread...

First 12 Last

Add IRC (ASX) to my watchlist