Research

Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.

Havilah Resources (ASX:HAV)

 
On 18 June 2019, HAV released the PFS project economics for its Kalkaroo Cu-Au Project in NE South Australia. Employing a copper price of A$3.85/lb (US$2.89/lb @ US$0.75) and a gold price of A$1,600/oz (US$1,200/oz @ US$0.75), the NPV of the 15-year LOM Project is estimated by independent mining consultants RPMGlobal Asia Limited, at A$258m (post-tax, 10% discount rate). Note: while the PFS assumed Cu price of A$3.85/lb pretty much matches the current spot price, the current spot price of gold at A$2,017/oz is some 26% above the PFS’s assumed gold price. Thus, the PFS NPV estimate has, we suggest, significant upside potential.
 
21/06/2019 11:00:00 AM

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