Carmacks Economics
| PROJECT ECONOMICS | FEASIBILITY May 2007 |
SPOT PRICES December 2009 |
|
|---|---|---|---|
| Copper | (US$/lb) | 2.32 | 3.20 |
| Foreign Exchange | (US$:C$) | 0.85 | 0.94 |
| Mine Capital | C$ M | 134 | |
| Acid Plant | C$ M | 18 | |
| Tot Capital Costs | C$ M | 152 | |
| Pre-Tax NPV @ 0% | C$ M | 188 | 328 |
| Pre-Tax NPV @ 8% | C$ M | 85 | 185 |
| IRR (100% equity) | % | 21.1 | 34.4 |
| Cash Flow | (C$ M/y) | 48 | 68 |
| Payback | (years) | 3.9 | 2.9 |
| OPERATING INDICATORS | Life of Mine | |
|---|---|---|
| Operating Life | (years) | 6+ |
| Ore Throughput | (t/d) | 5,000 |
| Copper Production | (M lb/y) | 32 |
| Strip Ratio | 5.4:1 | |
| Copper Recovery | (%) | 85 |
| Cash Costs | (US$/lb Cu) | 0.84 |
Notes:
Feasibility Study: M3 Engineering & Technology Corporation, May 2007 - Qualified Person: Timothy S. Oliver, P.Eng. - Metal Price: US$2.32/lb copper (LME three years historical, two years future metal prices rolling average as of March 2007) - Foreign Exchange: C$ 1.00 = US$ 0.85
Updated: March 4, 2010
