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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (26768)	12/1/2006 12:19:46 PM
From: loantech	Read Replies (1) \| Respond to of 78422

NorthMet has a global resource of approximately 900 million tonnes grading 0.32% copper, 0.085% nickel, 0.006% cobalt, 0.43 grams per tonne platinum group metals, and 0.045 grams per tonne gold. ?? A Canadian National Instrument 43-101-standard report published in July 2005 reviewed a plan to mine approximately 250 million tonnes over a 29-year mine life, representing just 28% of the total resource. ?? There are several valuation criteria: we believe the net present value of future cash flows is the most meaningful. Using three-year average metal prices, we estimate the pre-tax PV10 of the project to be approximately US$230 million and the project IRR before tax to be 25.8%. By the time the project is in full production in 2008, the PV10 increases to more than US$520 million, using those same three-year average metal prices. ?? If metal prices were to average 20% above the average of the past three years, which would put copper at US$1.25 per pound and nickel at US$6.30, compared with US$1.74 and US$6.85 respectively recently, those PV10 valuations increase to US$450 million and nearly US$800 million.>> proteuscapital.com I guess in rough figures before recoveries about 54,000 tons of cobalt. Does this even scratcht he surface of anything?