other material
confidence high
sentiment positive
materiality 0.85
US Gold Corp's CK Gold Project FS: NPV5% $632M, 27% IRR at base case
U.S. GOLD CORP.
- After-tax NPV5% $632M, IRR 27% at base case ($3,250/oz Au, $4.50/lb Cu); spot prices yield NPV5% $1.30B, IRR 45%.
- Initial capex $394M (incl. $47M contingency); sustaining $35M; payback 2.5 yrs base, 1.6 yrs spot.
- Fully permitted; $5M reclamation bond; 1.6M oz AuEq reserves; 11-yr mine life with strip ratio 0.89:1.
- Average AuEq production 102 koz/yr yrs 2-8; LOM avg 85 koz/yr at cash costs $1,748/oz AuEq.
- Project near Cheyenne, WY; no cultural impacts; 2.1% royalty for K-12 education.