| Property: | Spanish Mountain Gold Project | |
| Ownership: | 100% Ownership | |
| Symbol: | SPA.TSX.V | |
| Location: | British Columbia, Canada | |
| Share Structure: | ||
| Shares Issued & Outstanding: | 166,085,438 | |
| Fully Diluted: | 226,552,328 | |
| Market Capital: | ~$86 million | |
| Cash: | ~$13million | |
| Management: | CEO | Brian Groves |
| CFO | Larry Yau | |
| COO | Morris Beattie | |
| VP of Geology | Judy Stoeterau | |
| Board of Directors: | Ian Watson | Christopher Lattanzi |
| Don Coxe | James Clare | |
| Dale Corman | Morris Beattie | |
Classification |
Tonnes |
Gold grade |
Silver grade |
Gold |
Silver |
|---|---|---|---|---|---|
Measured |
14,950,000 |
0.68 |
0.61 |
330,000 |
290,000 |
Indicated |
123,070,000 |
0.47 |
0.64 |
1,860,000 |
2,530,000 |
Measured plus Indicated |
138,030,000 |
0.49 |
0.64 |
2,170,000 |
2,840,000 |
Inferred |
339,630,000 |
0.37 |
0.65 |
4,040,000 |
7,100,000 |
Average Annual Gold Production (Years 1 to 5) (ounces) |
213,800 |
Average annual Gold Production Life of Mine (ounces) |
172,400 |
Total Cash Cost, Years 1 to 5 (US $ per ounce) |
$570 |
Total Cash Cost , LOM (US$ per ounce) |
$625 |
Operating Cost ($ per tonne plantfeed) |
$10.14 |
Mine Life |
10 Years |
Overall Gold Recovery |
90% |
Average Gold Grade of Ore Processed |
0.51 g/t |
Initial Capital Cost ($ millions) |
$447 M |
Project Leveraged to Gold Price |
||||
|---|---|---|---|---|
Gold Price |
$1,100 |
$1,200 |
$1,300 |
$1,500 |
NPV(undiscounted) |
$411 million |
$600 million |
$788 million |
$1,166 million |
IRR |
14.7% |
20.2% |
25.2% |
34.2% |
Payback |
5 years |
4 years |
3 years |
2.2 years |
