NEVSUN Message Board - Msg: 13295679

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Gold/Mining/Energy : NEVSUN

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To: russwinter who wrote (143)	3/28/2000 10:33:00 AM
From: baystock	Read Replies (1) of 205

I think NSU's problem is that at current POG their Tabakoto mine is marginal, with a total cost of $262 per oz: <<Snowden presented a realistic mining case that calls for a production rate of 250,000 tonnes per annum for a 68,000 ounce per year operation with a pre-production capital cost in the order of US$24 million (life of mine capital cost of US$39 million). Operating costs are estimated at US$161 per ounce, and the sum of life of mine capital, royalty, and operating costs is estimated at US$261 per ounce. The internal rate of return (IRR) is estimated to be 18% at US$300 gold (27% at US$325 gold). The current open pit and underground scenario would have a mine life of 8 years. >>

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