Onepath - That was a good selection of links for understanding the finland pdl - gfi deal. from the october 22 release, i take away the fact that they were already doing bulk sampling at three sites.
The October 2007 scoping study release makes it sound like they plan a deep surface mine. It would have to be, given the tonnages being discussed. right?
"Based upon this new resource estimate and combined with a revision in the throughput rate, management believes that the mineral resource could be sufficient to support a mine life of over 20 years at a throughput rate of 7.5 Mt per annum."
Also, I note that the study is based on lower PM prices than those we are enjoying today, but a higher nickel price.
"Capital costs for the project are estimated at US $428.8 million, indicating a positive pre-tax IRR of 23.9% using 18-month trailing average metal prices of USD$344/oz Pd, USD$1,222/oz Pt, USD$15.27/lb Ni, USD$3.26/lb Cu and USD$644/oz Au."
PD was 344/oz, is 435/oz
PT was 1222, is 1911.
gold was 644, is now 905.
Even copper is higher now. was 3.26/lb, is 3.55/lb now.
Nickel, which is important to the project, unfortunately is cheaper. Was 15.27/lb then, is 12.34/lb now. |
