the bad bit re: 33% irr white range project pre-fe
"However, the Project is highly sensitive to movements in the Australian dollar copper price. By way of example, a 10 cent movement in the US$ copper price would cause the NPV of the Project to change by approximately A$20m. A movement of 5 cents in the AUD exchange rate would have the same effect. The Company has formed the view that unless the copper price consolidates at its current level or in fact continues to rise, this high level of sensitivity will make funding of the Project difficult to achieve. Accordingly, the Company believes that the key to progressing the Project is the identification of additional copper resources. Specifically, exploration will target low strip ratio deposits with similar grade and leaching characteristics to the Company’s existing Vulcan deposit which is located within 5 kilometres of Greenmount. Vulcan is one of the deposits comprising the Project and has the potential to be increased significantly from its current size. Other prospects within a 5 kilometre radius of Greenmount with the potential for the targeted styles of copper mineralisation include the prospects known as Desolation, Speculation, Expectation, Leonie and Pete’s.
MRX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
