Yearly production estimate and against recent base metal prices (USD) 12/04/2018. Zinc 70,000 dry Mt @ $3,238 per dry Mt = $226,6606,000 Copper 30,000 dry Mt @ $6,887 per dry Mt = $206,610,000 Lead 25,000 dry Mt @ $2,500 per dry Mt = $60,000,000
HRR is looking at an EDITDA of $493,270,000 once in production! Note: does not include precious metals by-product which the company does not forecast.
Cons: - Heron/Woodlawn is a junior miner with a large possibility of production delays. - Recent share price dilution to achieve funding up to production Q1 2019. - Zinc has a low price trend risk during tepid economic growth. - Historically Zinc can be priced well below the cost of production for years at a time. - Supply side story and not demand.
Pros: - No debt. - Funded up to production Q1 2019 with a possibility of earning surprise if in early production by late 2018. - Proven high quality sulphide deposit resource base - Existing transport infrastructure and power, strong community support - Brand new state of the art processing plant and equipment with a capacity to produce an average 1.25 million tonnes of tailings and underground ore per year that means 150,000 tonnes of lead copper and zinc equivalent annually - 9 Year mine life (9.24 million tons reserve starter case) with possible regional expansion. Some joint expansion already in place with other companies(see ALY options deal). - Most of Chinas Zinc production has shut down - Tight zinc market - Zinc battery technology will boost demand - Dwindling world supply (Conjecture - LME Zinc/Copper showing up on its door recently due to higher prices)
Investors: - Greenstone - Orion - Castle lake finance
Processing: - Mill then a - Sequential sulphide floatation bath
242,000,000 shares on issue $180,000,000 market capitalisation
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