Share Price
NYSE MKT:WRN
$0.54
TSX:WRN
$0.61

Casino Project

Casino Project

Print PageEmail Page

Economics

Based on Feasibility Study - January 2013


PROJECT ECONOMICS SPOT
Dec 2012
LONG TERM
Copper (US$/lb) 3.57 3.00
Gold (US$/oz) 1,658 1,400
Molybdenum (US$/lb) 11.80 14.00
Silver (US$/oz) 29.95 25.00
Foreign Exchange (US$:C$) 1.00 0.95
Mine Capital (C$ M) 2,123
Power Plant (C$ M)    209
Road, Port, Etc. (C$ M)    123
Total Capital Costs (C$ M) 2,456
Pre-Tax NPV @ 5% (C$ M) 5,300 4,430
Pre-Tax NPV @ 8% (C$ M) 3,460 2,820
Pre-Tax IRR (100% equity)(%) 27.1 24.0
After-Tax NPV @ 5% (C$ M) 3,600 2,990
After-Tax NPV @ 8% (C$ M) 2,280 1,830
After-Tax IRR (100% equity)(%) 22.7 20.1
After-Tax Cash Flow (Y1-Y4)(C$ M/y) 757 682
After-Tax Cash Flow (Life of Mine)(C$ M/y) 449 400
Payback (y) 2.6 3.0
Cu Cash Csot (US$/lb) (0.90) (0.81)

OPERATING INDICATORS Y1 to Y4 LOM
Gold Production (k oz/y) 399 266
Copper Production (M lb/y) 245 171
Moly Production (M lb/y) 15.3 15.5
Silver Production (k oz/y) 1,777 1,425
Strip Ratio 0.49 0.59
% of Revenue - Copper (%) 48% 46%
% of Revenue - Gold (%) 37% 34%
% of Revenue - Moly (%) 12% 17%
% of Revenue - Silver (%) 3% 3%
NSR ($/t ore milled) 31.59 22.59
Average Mill Grade CuEq (%) 0.70% 0.50%
Mill Operating Costs (C$/t)      8.52


Notes:

Feasibility Study: M3 Engineering & Technology Corporation. See Technical Report dated 25 January 2013. Qualified Person: Conrad Huss, P.E. of M3 is the qualified person responsible for the scientific and technical information in accordance with NI 43-101.

Metal Prices: Long term metal prices were based on typical analyst projections of long metal prices and $CAN:$US exchange rates.

Please refer to our legal disclaimer