TUGAS

ANALISIS INVESTASI TAMBANG

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Nama : Tengku Deli Hamonangan Hasibuan

NPM : 10070116100
Kelas :B
 SOAL

An investor has requested that you evaluate the economic potential of purchasing
a gold property at time zero fo $1 million mineral rights acquisition cost. Mining
equipment cost of $3 million will be incured at year one. Mineral development costs
of $2 million will be incuredd at time zero and $1,5 million at year one. Gold ore
that will be mined at year one is 150000 tons of gold ore, the uniform production of
250000 tons of gold ore per year ine each of years 2,3, and 4. Gold ore reserves
are estimated to be depeleted at the of year 4. Reclamation costs $0,5 million and
equipment salvage value $1 million will be incured at the end of year 4. Average
grade of gold is 0,1 ounces of gold per ton of ore wit metallurgical recovery
estimated 90. Price of gold is $300 oer ounce in year one and to escalate 15% in
year 2, 20% in year 3, and 10% in year 4. Operating costs are $20 (or $222,22 per
ounce of gold produced and sold) per ton of ore produced in year 1 and to escalate
8% per year. Calculate project ROR, NPV and PVR for minimum ROR 15%.
 JAWABAN
Tahun 0 1 2 3 4
Produksi ore (ton) 0 150000 250000 250000 250000
Produksi gold
0 15000 25000 25000 25000
(ounce)
Recovery 90% 0 13500 22500 22500 22500
Sell Price 0 300 345 414 455.4
Revenue (x) 0 4050000 7762500 9315000 10246500
(+) 0 0 0 0 1000000
Pendapatan 0 4050000 7762500 9315000 11246500
Biaya operasional
0 20 21.6 23.328 25.19424
satuan
Biaya operasional (x) 0 3000000 5400000 5832000 6298560
Akuisisi 1000000 0 0 0 0
Peralatan 0 3000000 0 0 0
Development 2000000 1500000 0 0 0
Reclamation 0 0 0 0 500000
Biaya total 3000000 7500000 5400000 5832000 6798560
- -
Cash Flow 2362500 3483000 4447940
3000000 3450000
- -
DCF(ROR=15%) 1786286 2290073 2543332
3000000 3000120
- -
DCF(ROR=2%) 1716978 3282031 4109007
3000000 3382380
NPV(ROR=15%) 619570.842
NPV(ROR=2%) -3000000
PVR -0.096057495
ROR (NPV=0) -8568570.526