Copper, gold silver field with a total of 1,200 hectares, Porphyry type, with 23,114,000 MT of ore reserves with a low of 1.40 % Cu and 0.69 gr. gold / MT.
Location: Y. District, paved road 25 minutes from Arequipa, Peru, water is available inside property limits, electrical power lines 4 Km away, the property also has internal roads.
Selling price: US $ 48.5 million (US $ 45.0 M if the payment is abroad).
For your information: 23,114,000 million MT copper ore reserves with a low of 1.4% Cu = 1’029,102 MT of copper concentrates with a 28.3 %. Deducting the production costs of US $ 433.27 / TM we obtain a Gross Profit of US $ 693’674,000.00 with a cut off of 0.62 % Cu.
Not considering that only 12.5% of total copper reserves of this mine have been determined and the balance 87.5 % has not been yet quantified.
Also, 23,114,000 million MT have an average of 0.69 gr. / MT gold = 394,826 oz. aprox. x US$510 (US $ 620 average gold price - US $ 110 average production cost = US $ 510) = Gross Profit of US $ 201,361,372.00
Not considering that the total gold reserves of this mine has not been yet quantified.
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