In order to establish a cost of production in US$/lb equivalent Cu, Cobalt is considered as a byproduct of copper production and therefore is accounted as a decrease in operating costs | ||||
One metric tonne is 2204.6 lb avoir du poids | 2 204.6 | |||
loans | ||||
$/lb | $/mt | leverage % | 50% | |
copper price | 1.10 | 2 425 | duration years | 10 |
cobalt price | 10.00 | 22 046 | interest | 12% |
DRC & communities incl royalty & lease | tax rate | 30% | ||
transport cost from mine site to shipping at Durban RSA is estimated to be 338.5US$/tonne of metal | ||||
Phase 1 | Phase 2 | Phase 3 | Phase 4 years 4 thru 20 |
|
G&A costs k$ | 19 596 | 15 579 | 17 392 | 11 913 |
G&A costs k$ as % of technical costs | 24.2% | 10.2% | 8.6% | 7.2% |
replacements are considered to be required from year 5 thru 20 at a total cost of 2 312 630 000 US$ which represents 3.4% of the initial equipment of years 1 thru 4. Thus 70% of initial equipment is replaced from year 5 thru 20. |