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19/06/08
09:42
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Current MC about $80m
San Anton new resource is 654 kt Cu, 4.5 Moz Au, and 202 Moz Ag.
With Cu @ 8250 tn, Au @ $880 oz, Ag @ $17, current IGV of San Anton:
Cu = $5,395,500,000
Au = $3,960,000,000
Ag = $3,434,000,000
Total = $12,789,500,000 IGV
$12.8b into gold at $890 = 14.34m oz au equiv.
Add in Kalman:
The Inferred Mineral Resource estimate contains a total of 172,200t Cu, 27,800t Mo and 250,900oz Au. (Mo @ $78 kg, $7800 tn)
On current prices that is:
Cu = $1,420,650,000
Mo = $216,840,00
Au = $223,301,000
Total IGV = $1,659,820,100
In gold oz = 1,864,966 oz au equiv
Now add in to the previous oz au equiv for San Anton:
6.7m oz au equiv +
1.85m oz au equiv
= 8.55m oz au equiv
New MC to oz au equiv is:
8.55m oz into $80m MC = $9.35 an oz au equiv
Is there another metals miner out there cheaper?
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