Mabilo Feasibility Study: $1.08B NPV, $25M Capex
RTG Mining Inc.'s Mabilo in Philippines has a Feasibility Study outlining an after-tax NPV of $1.08B and initial capital of $25M. The proposed mine plan runs 7 years.
RTG Mining Inc.'s Mabilo has reported Feasibility Study results for the copper & gold project in Philippines. The study headlines an after-tax net present value of $1.08B at a 5% discount rate. It reflects RTG Mining Inc.'s (RTG.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $1.08B using a 5% discount rate. Initial capital expenditure is estimated at $25M. Economics are based on US$6.00/lb Cu, US$5,350/oz Au, US$100/t Fe.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 7 years.
Resources and ownership. Mineral reserves: Probable: 7.792Mt @ 2.04g/t Au, 1.95% Cu, 45.5% Fe (511.1koz Au, 151.9kt Cu); incl. Supergene Chalcocite: 0.104Mt @ 2.20g/t Au, 20.7% Cu (7.4koz Au, 21.5kt Cu); Primary Skarn: 7.025Mt @ 1.99g/t Au, 1.73% Cu, 46.1% Fe (450.2koz Au, 121.5kt Cu). Mineral resources: Indicated & Inferred: 12.76Mt @ 1.9g/t Au, 1.80% Cu, 40.5% Fe (762.5koz Au, 226.8kt Cu); incl. Supergene Chalcocite: 0.10Mt @ 2.30g/t Au, 23.2% Cu (7.6koz Au, 23.7kt Cu); Primary Skarn: 11.94Mt @ 1.8g/t Au, 1.6% Cu, 40.5% Fe (692koz Au, 190.9kt Cu). The company holds a 40% interest in the project. Royalties and streams: 2% NSR.
These figures are extracted from RTG Mining Inc.'s technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Our Analysis
Its after-tax NPV is well above the company's market capitalisation (roughly 22.1x, on a currency-adjusted basis) — a wide gap that can flag value the market hasn't yet priced — though dilution, financing and permitting risk usually explain part of it. Initial capital runs to about 2% of project NPV, making it capital-light; funding that build is the central execution risk. For context, copper currently trades around $6.25/lb.
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.