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-11

First 11 Last

Share
Profile

Follow
HotRods65

5,584 Posts.

124

11/02/19

11:37

Post #: 37396420
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

There is an extra 35mill in profit !!!! $270 * 128000 at current gold price, lol that pays for they project by it's self lol. gee I hope this deal gets done.
IRC Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

GRL

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

WC8

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

SIG

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

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

MIN

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

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

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

LPE

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

BTH

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

There are more pages in this discussion • 18 more messages in this thread...

First 11 Last

Add IRC (ASX) to my watchlist