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Gold/Mining/Energy : Silver Bull Resources, Inc.
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From: Frankly Speaking11/15/2013 9:54:17 AM
   of 5637
 
WOW. Investor interest in this stock is underwhelming

Highlights from the base case study estimates of $23.50 per silver ounce and $0.95 per zinc pound include:

-- Pre-tax Net Present Value ("NPV") at a 5% discount rate of $641.1 million and an Internal Rate of Return ("IRR") of 26.9%; -- After-tax NPV at a 5% discount rate of $463.9 million and IRR of 23.1%; -- After-tax payback of 2.9 years after plant start-up; -- Pre-production capital cost ("CAPEX") of $297.2 million including a 15% contingency; -- Sustaining Capital and closure costs of $79.6 million over life of mine ("LOM") including a 15% contingency; -- An 18 year mine life, mining and processing 55.9 million tonnes of ore at 8,500 tpd, averaging 73.4 grams per tonne ("g/t") silver and 2.79% zinc, and producing 98.4 million ounces of silver dore, and 982,000 tonnes of a high quality zinc concentrate (64% zinc concentrate grade); -- An overall strip on the open pit of 5.6:1, with the first 5 years of production of the Phase 1 pit having a lower strip of 3.6:1 (see Figure 1); -- An average payable silver production of 5.5 million ounces of silver per year with a LOM cash cost of $6.58 per ounce of silver, net of by- product credits; -- Years 2 to 6 are planned to produce an average of 7 million ounces a year with a peak production of 9.3 million ounces of silver in Year 2; -- The JDS PEA does not take into account the potential mining of an additional 37 million tonnes of "lower" grade ore which is included in the resource cited below and lies immediately outside of the pit and has the potential to extend the current projected mine life.
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