Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (62744)	1/17/2009 5:27:34 PM
From: tyc:>	Read Replies (1) of 78426

>>"The IRR appears to come down near 10% with current copper price which is usually below the 15% threshold". FWIW: The original feasibility study expected an IRR of 18.1% at base rates. Please see: Message 25332302 If I am correct in believing that even with the current low copper prices gross revenue would still attain near parity with original expectations at the base rate, IRR should be maintained too. Perhaps because of reduced cash costs of production and maybe of capital cost too, it would currently be even higher than the base rate. Should we ignore the increase in gold prices and the lower C$, and choose to dwell on the low price of copper ?

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