The Copper Rand 1997 Feasibility Study
We are now in possession of the 1997 Copper Rand Feasibility Study
documents! Here is a link to “Section 9”
of the study. More sections will be uploaded soon.
Section 9 of the Feasibility Study (click here)
All potential buyers of these assets now being offered by
Pricewaterhouse should be aware of this study, and Buyers should
specifically be aware of this data table:
Data Table showing $81 million profit at $380 gold price (click here)
This table was extracted from page 10 of the PDF file above (9.pdf).
You can easily rotate the page in Adobe Acrobat.
This table shows the Feasibility Study results: a project
profit of $81 million CAD, over a 7 years minimum mine life, at a
shockingly low gold price of $380 USD an ounce and a copper price of
$1.10 per pound. Most of the profits would be
generated in years 2 - 6.
For a rough estimate, it would be perfectly reasonable to do a "net
present value" calculation over a 5 years period.
With today’s gold price of over $1,100 and copper price of
over $3.00, the actual current "Net Present Value" of the Copper Rand
mine would be well over $500 million.
It also does not appear that this 1997 Feasibility study included data on the
Bonanza grade "Horizon 3". Horizon 3 could easily
add another $500 million in value to the mine.
It
looks like the offering documents on the Pricewaterhouse
website have completely omitted any discussion of
this Feasibility Study data, which
is considered an official company document. Was this an
oversight? We will be asking Pricewaterhouse that question.
Our early analysis suggests that at least $500 million of real value
(owned by Shareholders) has simply not been highlighted or documented
by Pricewaterhouse in their “Invitation to Offer”
that they have been circulating. But this
information would probably be known by most Campbell Insiders and
Insider connected groups (for example: Nuinsco).
More updates coming soon!