SVL 2.02% 9.7¢ silver mines limited

First production is in the 2019 kind of timeframe but these...

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    First production is in the 2019 kind of timeframe but these timelines almost always blow out. They are submitting their EIS this year.

    Costs have not been officially released but a good place to start is Kingsgate's old presentations on Bowdens. They did a full DFS and gave capex and opex estimates and a lot of detail on the planned project.

    SVL have described KCN's plan as "Rolls-Royce" and stated they intend to lower the upfront capex by reducing the mine throughput from 4.5 Mtpa to around 2 Mtpa. That will reduce the amount they need to raise but it will still be in the vicinity of A$150M according to Bell Potter and the key issue is not so much capex as opex cost as it's a large, low grade resource. Bell Potter's modelling assumed around US$15/oz all-in cash cost and $25/oz silver price but I think both of those numbers look a bit optimistic at the moment. Cash cost is always higher than predicted and silver haven't been near $25 since the silver price crash.
 
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