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PERMFILE108441
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PERMFILE108441
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Last modified
8/24/2016 10:00:55 PM
Creation date
11/24/2007 4:52:08 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1994117
IBM Index Class Name
Permit File
Doc Date
3/23/1992
Doc Name
RESPONSE AND SUBMISSION TO BOULDER CNTY LAND USE DEPT GOLD HILL MILL COLINA ORO MOLINO INC HOMESTATE
Media Type
D
Archive
No
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<br />1 . <br />GOLD FQTl PROIECr <br />SClMA(ARY6 CONCLUSIONS PAGE J <br />1 <br /> <br /> The capital cost estimates includes a contingenry. <br /> 00 <br />b <br />USS 185 <br /> per ton. <br />e <br />. <br />The operating costs are estimated to <br />' Three proforma cash flow forecasu have been generated <br />' o Base Case assuming 5375 gold price <br /> 85% mill recovery <br /> 250,000 tons ore <br /> o Upside Case assuming 5425 gold price <br /> 85% mill recovery <br /> 300,000 tons ore <br />' o Break Even Gold Price Case <br />assuming 85% mill recovery <br />' 250,000 tons ore <br />The Base Case gives an after tax "project" NPV at a 10% discount, <br />after repaying all pre-production capital costs, of 5 11.14 million (see <br />' attached table) <br />The Upside Case gives an NPV of 5 1751 million <br />The Break Even gold price is 5229 per ounce. <br />' No consideration has been given to the reserve potential below the <br />5,800 foot elevation. <br />Gold Hill Ventures and Mi Vida Enterprises have agreed to an earn- <br />in at the me of a 1% undivided interest for every 5100,000 spent on <br />' the property, up to a 50% interest. <br />The mill building is owned by the Fraser family in lieu of loans to <br />the joint venture in 1987. The Frasers have agreed to sell the mill for <br />USS 1 million and their 6% interest in Gold Hill Ventures for <br />' ' 5600,000 <br />The above capital cost estimate includes the 5 1 million for the <br />acquisition of the mill. <br /> <br />' R. W. Turner C.Eng. <br />Consulting Mining Engineer <br />
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