Estimates of Mine Property data and value

Mine Property data

Mine Property value

Annual production (tCu)

78,000

Profit per lbCu (US$/lbCu)

1.00

Life of mine (years)

25

lbCu/tCu

2204.6

Cu price (US$/lbCu)

3.5

Annual Profit (MUS$)

172

Operations Cost (US$/lbCu)

2.5

Recovery %

80

PV [172 × (1 - e-2.5)/0.10]

1579

Capex MUS$

1105

NPV (MUS$)

474

Market rate %

10