Business
Reinterpretation of Philippine Economic Model
Reinterpretation of Philippine Economic Model.
About this update from Bluebird Mining Ventures Ltd.
[{"type":"text","content":"\n\nBluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining\n7 May 2025\n \nBluebird Mining Ventures Ltd\n('Bluebird' or 'the Company')\n \nReinterpretation of Philippine Economic Model\n \nBluebird Mining Ventures Ltd., a pan Asian gold project development company, is very pleased to provide an overview reinterpretation of the economics of the Pre-Feasibility Study (PFS) originally carried out in 2016 and that was published by the previous project partners. \n \nThe reinterpretation was done by Dr Green of Optimo Capital Ltd using a revised and conservative gold price input of US$3,000 per ounce (against a current spot price of @ US$3,400/oz) whilst simultaneously increasing the input C1 operating costs by 60% and the capex by 100% to consider the rate of inflation. This results in an improved IRR of 44% and an NPV10 of US$70.5 million based on Bluebird's net 75% current ownership.\n \nWhilst the reinterpretation is highly encouraging, we also make the point that the envisaged project initially focuses on a smaller project footprint the exhibits higher grade ore zones. The Company therefore expects the economic profile of the project to be further improved from that of the original PFS. A full updated project economic feasibility will be worked as part of the Declaration of Mining Project Feasibility (DMPF) work that will now be undertaken.\n \n \n \n**ENDS**\n \nFor further information please visit https://bluebirdmv.com or contact:\nJonathan Morley-Kirk Bluebird Mining Ventures Ltd Email: [email protected]\n\n","length":3184,"tagName":"div"}]