Recursos de Mineral 1,170,000,000.

00 TM
Ley Promedio 1.00% Cu
Capacidad de Planta 130,000.00 TMD
Dias de Operacin 360
Precio Cu 2.4 US$/Lb
Recuperacin de Planta Concentradora 92.00%
Recuperacin de Fundicin 96.00%
Recuperacin de Refineria 98.00%
Maquilas de Fundicion y Refinacin 250.00 US$/TM Concentrado
Ley de Concentrado obtenido 28.00%
Costos de Produccin OPEX 12.00 US$/TM mineral
Tasa de descuento 15.00%
CAPEX inicial total: 4,000,000,000.00 US$
Etapa de Exploracin 5.00 aos
Inversin Etapa de Exploracin 50,000,000.00 US$/Ao
Etapa de Construccin 1.00 aos

Tiempo de Vida Mina 25.00 aos

Contenido Metalico TOTAL 22.05 Libras Cu/TM mineral
Contenido Metalico Final Recuperado 19.08 Libras Cu/TM mineral
Valor de Mineral 45.80 US$/TM mineral

Contenido Metalico Recup. Planta 1,196.00 TM Cu/Dia

Produccin de Concentrados 4,271.43 TM Concentrado/Dia
Produccin de Concentrados 1,537,714.29 TM Concentrado/Ao

Costos de Maquila (Fundicin y Refinacin) 8.21 US$/TM mineral

Costos de Maquila (Fundicin y Refinacin) 384,428,571.43 US$/Ao

Costos de OPEX 561,600,000.00 US$/Ao

Ingresos por Ventas Concentrado 1,758,817,488.17 US$/Ao

TASA de Descuento 15.00%

0.15

Flujo de Caja
Ingresos 1 2
Venta de Concentrados 0.00 0.00
Egresos
Gastos Exploracin 50.00 50.00
CAPEX inicial 0.00 0.00
Costos produccin OPEX 0.00 0.00
Saldo de Caja -50.00 -50.00
-43.48 -37.81

VAN = 1,448.86
1,448.86
TIR 26.34%
 3 4 5 6 7 8
0.00 0.00 0.00 0.00 1,758.82 1,758.82

50.00 50.00 50.00 0.00 0.00 0.00

0.00 0.00 0.00 4,000.00 0.00 0.00
0.00 0.00 0.00 0.00 561.60 561.60
-50.00 -50.00 -50.00 -4,000.00 1,197.22 1,197.22
-32.88 -28.59 -24.86 -1,729.31 450.08 391.37
 2
4 4
1,758,817,488.17 2 2 561,600,000.00
3 3
1,758,817,488.17
2 561,600,000.00

1,758.82
2

0.00
2

15
2
1,758,817,488.17 2 2
561,600,000.00
1
1
2 2 561,600,000.00
1,758,817,488.17
0
0
1,758,817,488.17 2 1 561,600,000.00

1,758.82
9

0.00
9

14
1,758,817,488.17 1 1 561,600,000.00
8
8
1,758,817,488.17 1 1 561,600,000.00
7
7
1,758,817,488.17 1 1
561,600,000.00

1,758.82
6
6

0.00
13
1,758,817,488.17
1 1 561,600,000.00
5
5
561,600,000.00
1,758,817,488.17 1 1
4
4
1,758,817,488.17 1 1 561,600,000.00

1,758.82
3
3
561,600,000.00

0.00
1,758,817,488.17

12
1
1
2
2
561,600,000.00
1,758,817,488.17
1 1
1
1
561,600,000.00
1,758,817,488.17
1 1
0
1,758,817,488.17 0
561,600,000.00

1,758.82
1

0.00
11
1,758,817,488.17
561,600,000.00

9
561,600,000.00
1,758,817,488.17

8
561,600,000.00
1,758,817,488.17

7
4,000,000,000.

1,758.82
6
00

0.00
10
50,000,000.00

5
50,000,000.00

4
50,000,000.00g

3
t6

1,758.82
50,000,000.00

0.00
2

9
50,000,000.00

1
 0.00 0.00 0.00 0.00 0.00 0.00 0.00
561.60 561.60 561.60 561.60 561.60 561.60 561.60
1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22
340.32 295.93 257.33 223.77 194.58 169.20 147.13
 3
561,600,000.00 2 2 1,758,817,488.17
4 4
561,600,000.00 2 2 1,758,817,488.17
5 5 1,758,817,488.17

16

0.00
2 2

1,758.82
561,600,000.00
6 6
2 2 1,758,817,488.17
7
561,600,000.00 7
561,600,000.00 2 2 1,758,817,488.17
8 8
1,758,817,488.17

17
2

0.00
2

1,758.82
561,600,000.00
9 9
561,600,000.00 2 3 1,758,817,488.17
0 0 1,758,817,488.17
3 3
1
561,600,000.00 1

18

0.00
3

1,758.82
19

0.00
1,758.82
20

0.00
1,758.82
21

0.00
1,758.82
22

0.00
1,758.82
23

0.00
1,758.82
 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
561.60 561.60 561.60 561.60 561.60 561.60 561.60 561.60
1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22
127.94 111.25 96.74 84.12 73.15 63.61 55.31 48.10
 24 25 26 27 28 29 30 31
1,758.82 1,758.82 1,758.82 1,758.82 1,758.82 1,758.82 1,758.82 1,758.82

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
561.60 561.60 561.60 561.60 561.60 561.60 561.60 561.60
1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22 1,197.22
41.82 36.37 31.62 27.50 23.91 20.79 18.08 15.72
Ejercicio n 1

Reservas de Mineral 352,000,000.00 TM

Ley 0.61% Cu
Desmonte 220,000,000.00 TM
Relacin Desm/Mineral Etapa Operat. 0.625
Tamao Planta (Lixiviacin) 60,000.00 TMD de mineral
Recuperacin (hasta Fundicin) 70.00%
Precio Cu 2.00 US$/Lb
Maquila Refinacin 0.10 US$/Lb
Precio Cu Ventas 1.90 US$/Lb

OPEX
Costos de Minado (Mineral y Desmonte) 2.00 US$/TM
Gastos de Tratamientos (Mineral Tratado) 5.00 US$/TM
Gastos Generales (Mineral Tratado) 1.50 US$/TM

CAPEX
Desbroce inicial 60,000,000.00 US$
Equipos de Mina 210,000,000.00 US$
Equipos y Construccin Planta 510,000,000.00 US$
Infraestructura adicional 20,000,000.00 US$
CAPEX INICIAL 800,000,000.00 US$
Tiempo de Construccion 1.00 ao

Inversiones Cierre Minas (1 ao) 200,000,000.00 US$

Inversiones de Sostenimiento 15,000,000.00 US$ cada 5 aos

Informacin Adicional
WACC 10.00%
Tasa Impuestos Totales 40.00% De la Utilidad Bruta

Dias de Operacin al ao 360 dias

Tiempo de Vida Mina 16.30 aos

COSTOS DE OPEX
Costos de Minado (Mineral y Desmonte) 195,000.00 US$/dia
Costos de Minado (Mineral y Desmonte) 70,200,000.00 US$/ao
Gastos de Tratamientos (Mineral Tratado) 300,000.00 US$/dia
Gastos de Tratamientos (Mineral Tratado) 108,000,000.00 US$/ao
Gastos Generales (Mineral Tratado) 90,000.00 US$/dia
Gastos Generales (Mineral Tratado) 32,400,000.00 US$/ao
Total OPEX 210,600,000.00 US$/ao
INGRESOS DE VENTAS
Contenido Metalico Total/TM mineral 13.45 Lb Cu/TM mineral
Contenido Metalico Recup/TM mineral 9.41 Lb Cu/TM mineral
Valor de Mineral 17.89 US$/TM mineral

Ventas de Cu metalico 1,073,155.19 US$/dia

Ventas de Cu metalico 386,335,867.68 US$/ao

Flujo de Caja
Ingresos 1 2 3
Venta de Cu Metalico 386.34 386.34 386.34
Egresos
CAPEX inicial 0.00 0.00 0.00
CAPEX sostenimiento 0.00 0.00 0.00
Costos produccin OPEX 210.60 210.60 210.60
Cierre de mina 0.00 0.00 0.00
Saldo 175.74 175.74 175.74
Impuestos totales (40%) 70.29 70.29 70.29
Saldo de Caja 105.44 105.44 105.44
95.86 87.14 79.22

VAN = 774.16
774.16
 4 5 6 7 8 9 10
386.34 386.34 386.34 386.34 386.34 386.34 386.34

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 15.00 0.00 0.00 0.00 0.00 15.00
210.60 210.60 210.60 210.60 210.60 210.60 210.60
0.00 0.00 0.00 0.00 0.00 0.00 0.00
175.74 160.74 175.74 175.74 175.74 175.74 160.74
70.29 64.29 70.29 70.29 70.29 70.29 64.29
105.44 96.44 105.44 105.44 105.44 105.44 96.44
72.02 59.88 59.52 54.11 49.19 44.72 37.18
 11 12 13 14 15 16 17
386.34 386.34 386.34 386.34 386.34 386.34 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 15.00 0.00 0.00
210.60 210.60 210.60 210.60 210.60 210.60 0.00
0.00 0.00 0.00 0.00 0.00 0.00 200.00
175.74 175.74 175.74 175.74 160.74 175.74 -200.00
70.29 70.29 70.29 70.29 64.29 70.29 0.00
105.44 105.44 105.44 105.44 96.44 105.44 -200.00
36.96 33.60 30.54 27.77 23.09 22.95 -39.57
Unidades aos Oper. Acciones dias Oper.
A 10.00 100.00% 300.00
B 10.00 100.00% 300.00
C 10.00 100.00% 300.00
D 10.00 70.00% 300.00

Unidad A Unidad B
Capacidad 1 1,000.00 TMD Capacidad 1
Dias de Operacin 300.00 Dias/ao Dias de Operacin
Aos de Produccion 1 3.00 aos/1000TMD Aos de Produccion 1
Produccin mineral 1 300,000.00 TM mineral/ao Produccin mineral 1
Produccin mineral 1 900,000.00 TM mineral/4 aos Produccin mineral 1
Valor Unitario 1 80.00 US$/TM mineral Valor Unitario 1
Costo Unitario 1 50.00 US$/TM mineral Costo Unitario 1
OPEX 1 15,000,000.00 USS/ao OPEX 1
Ingreso ventas 1 24,000,000.00 USS/ao Ingreso ventas 1

Capacidad 2 1,500.00 TMD CAPEX INICIAL

Dias de Operacin 300.00 Dias/ao
Aos de Produccion 2 7.00 aos/1500TMD Porcentaje de Acciones
Produccin mineral 2 450,000.00 TM mineral/ao Tasa de Descuento
Produccin mineral 2 3,150,000.00 TM mineral/4 aos
Valor Unitario 2 75.00 US$/TM mineral
Costo Unitario 2 40.00 US$/TM mineral
OPEX 2 18,000,000.00 USS/ao
Ingreso ventas 2 33,750,000.00 USS/ao

CAPEX AMPLIACION 20,000,000.00 USS/ao n 3

Porcentaje de Acciones 100%
Tasa de Descuento 12.00%
0.12

Unidad C
Capacidad 1
Dias de Operacin
Aos de Produccion 1
Produccin mineral 1
Produccin mineral 1
Valor Unitario 1
Costo Unitario 1
OPEX 1
Ingreso ventas 1 10,800,000.00 USS/ao
Unidad D
300.00 TMD Recursos Medidos
300.00 Dias/ao Castigos R. Medidos
5.00 aos R. Medidos Netos
90,000.00 TM mineral/ao Ley de R. Medidos
450,000.00 TM mineral/ 5 aos
120.00 US$/TM mineral
60.00 US$/TM mineral Recursos Indicados
5,400,000.00 USS/ao Castigos R. Indicados
R. Indicados Netos
Ley de R. Indicados
Costo de Exploracin 100,000.00 USS/ao
Tiempo de Exploracin 4.00 aos
CAPEX INICIAL 9,000,000.00 USS/ao n 5 Recursos Inferidos
Castigos R. Inferidos
Porcentaje de Acciones 100% R. Inferidos Netos
Tasa de Descuento 12.00% Ley de R. Inferidos
0.12
Ley Promedio
Recursos Totales
Contenido Metalico

Precio Cu in situ

Valor Total in situ

Porcentaje de Acciones
Valor Total in situ
 Flujo de Caja UNIDAD A
Ingresos
Venta de Concentrado
Egresos
CAPEX inicial
CAPEX Ampliacin
Costos produccin OPEX
600.00 TMD Saldo
300.00 Dias/ao Porcentaje de Acciones (100%)
10.00 aos Saldo de Caja
180,000.00 TM mineral/ao
1,800,000.00 TM mineral/4 aos
100.00 US$/TM mineral VAN = 58.54
55.00 US$/TM mineral 58.54
9,900,000.00 USS/ao
18,000,000.00 USS/ao

25,000,000.00 USS/ao n 0 Flujo de Caja UNIDAD B

Ingresos
100% Venta de Concentrado
12.00% Egresos
0.12 CAPEX inicial
CAPEX Ampliacin
Costos produccin OPEX
Saldo
Porcentaje de Acciones (100%)
Saldo de Caja

VAN = 20.77
20.77
TIR 30%

200,000,000.00 TM
10% Dias/ao
180,000,000.00 TM Flujo de Caja UNIDAD C
0.60 %Cu Ingresos
Venta de Au
Egresos
50,000,000.00 TM Costo de Exploracin
20% Dias/ao CAPEX inicial
40,000,000.00 TM Costos produccin OPEX
0.70 %Cu Saldo
 Porcentaje de Acciones (100%)
Saldo de Caja
50,000,000.00 TM
20% Dias/ao
40,000,000.00 TM VAN = 2.74
0.80 %Cu 2.74
36%
0.65 %Cu
260,000,000.00 TM
1,680,000.00 TM Cu
3,703,728,000.00 Libras Cu
0.025 US$/Lb

92,593,200.00 US$
92.59 Millones US$
70%
64.82 Millones US$
 1 2 3 4 5 6 7 8
24.00 24.00 24.00 33.75 33.75 33.75 33.75 33.75

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 20.00 0.00 0.00 0.00 0.00 0.00
15.00 15.00 15.00 18.00 18.00 18.00 18.00 18.00
9.00 9.00 -11.00 15.75 15.75 15.75 15.75 15.75
9.00 9.00 -11.00 15.75 15.75 15.75 15.75 15.75
9.00 9.00 -11.00 15.75 15.75 15.75 15.75 15.75
8.04 7.17 -7.83 10.01 8.94 7.98 7.12 6.36

0 1 2 3 4 5 6 7
0.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00

25.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 9.90 9.90 9.90 9.90 9.90 9.90 9.90
-25.00 8.10 8.10 8.10 8.10 8.10 8.10 8.10
-25.00 8.10 8.10 8.10 8.10 8.10 8.10 8.10
-25.00 8.10 8.10 8.10 8.10 8.10 8.10 8.10
-25.00 7.23 6.46 5.77 5.15 4.60 4.10 3.66

1 2 3 4 5 6 7
0.00 0.00 0.00 0.00 0.00 10.80 10.80

0.10 0.10 0.10 0.10 0.00 0.00 0.00

0.00 0.00 0.00 0.00 9.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 5.40 5.40
-0.10 -0.10 -0.10 -0.10 -9.00 5.40 5.40
-0.10 -0.10 -0.10 -0.10 -9.00 5.40 5.40
-0.10 -0.10 -0.10 -0.10 -9.00 5.40 5.40
-0.09 -0.08 -0.07 -0.06 -5.11 2.74 2.44
 9 10
33.75 33.75

0.00 0.00
0.00 0.00
18.00 18.00
15.75 15.75
15.75 15.75
15.75 15.75
5.68 5.07

8 9 10
18.00 18.00 18.00

0.00 0.00 0.00

0.00 0.00 0.00
9.90 9.90 9.90
8.10 8.10 8.10
8.10 8.10 8.10
8.10 8.10 8.10
3.27 2.92 2.61

8 9 10
10.80 10.80 10.80

0.00 0.00 0.00

0.00 0.00 9.00
5.40 5.40 5.40
5.40 5.40 -3.60
5.40 5.40 -3.60
5.40 5.40 -3.60
2.18 1.95 -1.16