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Granite Creek Copper – Key Takeaways From The Preliminary Economic Assessment At The Carmacks Project

Shad Marquitz
January 20, 2023

Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), joins us to break down the metrics and key takeaways from the recently announced Preliminary Economic Assessment (PEA) on the Carmacks Project in the Yukon. 

 

PEA Highlights

  • Base case metal prices of US$3.75/lb Cu, US$1,800/oz Au and US$22/oz Ag:
  • Pre-tax NPV 5% of C$324 million and 36% IRR
  • After-tax NPV 5% of C$230 million and 29% IRR
  •  Case 1 metal prices of US$4.25/lb Cu, US$2,000/oz Au and US$25/oz Ag:
    Pre-tax NPV 5% of C$475 million and 48% IRR
    After-tax NPV 5% of C$330 million and 38% IRR
  • Mine life of nine years at 7,000 tonnes per day with clear exploration potential to extend mine life with four target areas within 1km of the current resource.
  • Capital cost of C$220m with payback of 2 years from commencement of production.

 

In addition to the copper and gold metals pricing sensitivity numbers that could further boost economics, Tim highlights that there is ongoing work from the Company and 3rd party contractors to continue improving the recovery rates of the metals which substantially impacts economics.   We wrap up highlighting the large amount of exploration upside still on the project, at 4 key target areas, to increase the sulfide resources and further improve the blended oxide and sulfide mix for recovery purposes.

 

If you have any follow up questions for Tim regarding Granite Creek Copper, then please email us at Fleck@kereport.com or Shad@kereport.com.

 

 

 

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Click here to for a summary of the recent news out of Granite Creek Copper.

Discussion
8 Comments
    Jan 20, 2023 20:33 PM

    Copper Price On The Way Up, But With Many ‘Ifs’

    Reuters – January 19, 2023

    “A rally fueled by sentiment and expectations, without an actual increase in consumption, could trap investors in an eventual sharp downturn, such as the one in mid-2022 triggered by the Ukraine-Russia war and an energy crisis.”

    “The first two weeks of January is always a bit dangerous. People come back after the break feeling refreshed. Things can get a little carried away,” said Guy Wolf, Global Head of Market Analytics at broker Marex.

    “Benchmark London prices hit a seven-month high of $9,550.50 on Wednesday, while the Shanghai contract leaped to its highest since April 25 on Thursday, on hopes that a U-turn in Chinese covid-19 policy would boost metal demand.”

    https://www.mining.com/web/copper-price-on-the-way-up-but-with-many-ifs/

    Reply
      Jan 20, 2023 20:34 PM

      BHP Expects China To Underpin Commodities Demand In 2023

      Reuters | January 18, 2023

      “China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP Group Ltd said on Thursday as it posted higher quarterly iron ore shipments that edged past expectations.”

      “Its view contrasts with that of peer Rio Tinto, which said this week that China’s reopening from covid-19 restrictions could raise near-term risks of labour and supply-chain shortages.”

      “Both, however, see China’s measures to support its property sector as underpinning solid demand for their steel-making products.”

      https://www.mining.com/web/bhp-second-quarter-iron-ore-output-rises-1/

      Reply
        Jan 20, 2023 20:35 PM

        Peru Unrest Threatens To Choke Off Almost 2% Of Global Copper supply

        Bloomberg News – January 19, 2023

        “Protests in Peru are threatening to choke off access to almost $4 billion worth of copper just as China’s emergence from Covid lockdowns promises to boost demand.”

        “Peru’s third-largest copper mine, Las Bambas, hasn’t dispatched copper concentrate since Jan. 3 due to security concerns. Glencore Plc’s Antapaccay is also facing restrictions. The mines, which share the same highway access to ports, together account for nearly 2% of the world’s copper output.”

        https://www.mining.com/web/peru-unrest-threatens-to-choke-off-almost-2-of-global-copper-supply/

        Reply
        Jan 20, 2023 20:19 PM

        Copper has a ready-made appeal to the speculative imagination. Investors and speculators love copper because it signals the future of business. If you want to get rich in commodity speculation you have to watch the price of copper. Just ask Ex, he has a normal desire to get rich quick like the rest of us. LOL!🤣

        Reply
          Jan 20, 2023 20:32 PM

          Also keep an eye on Mark Bristow of Barrick. He likes copper too.
          NYUK NYUK

          Reply
            Jan 20, 2023 20:55 PM

            In an interview I posted with Rick Rule earlier this week on Miningstockedu, he talked about Barrick and their desire for more copper exposure, and how it takes away the pure play gold aspect of the company, but does offer diversification and longer-term growth.

          Jan 20, 2023 20:53 PM

          Hi DT. Yes, I’d like to be prosperous from my investing. My goal is to make that happen this cycle over the next few years.

          Ever Upward!

          Reply
    Jan 20, 2023 20:37 PM

    Gold Price Backs Off On Rising Dollar, But Set For Fifth Weekly Rise

    January 20, 2023

    “Gold prices edged lower on Friday as the US dollar firmed, although hopes of slower rate hikes from the Federal Reserve are still keeping bullion on track for a fifth straight weekly gain.”

    “Spot gold slipped 0.3% to $1,925.25 per ounce by 11:40 a.m. ET, still enough to maintain a slight gain of 0.7% for the week. US gold futures, on the other hand, moved 0.2% higher at $1,927.70 per ounce.
    Meanwhile, the dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies.”

    “The US dollar is finding some form of stability and in turn we could see gold prices heading lower into next week,” Daniel Ghali, commodity strategist at TD Securities, told Reuters.

    https://www.mining.com/gold-price-backs-off-on-rising-dollar-but-set-for-fifth-weekly-rise/

    Reply

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