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DuWf3028h0T
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Los Azules – What It Might Be Worth<br />
Preliminary Economic Assesment, McEwen Mining<br />
McEwen’s press release of Sept 23, 2013 states that Los Azules has the<br />
potential to become one the largest, lowest cost copper mines in the world.<br />
PEA HIGHLIGHTS: CAPEX $3.9B<br />
AVERAGE COST $1.08/lb Cu<br />
LIFE OF MINE 35 years<br />
NOTE: Recent Las Bambas transaction works out to ~ 1.7 cents per in-situ lb of<br />
copper<br />
* See Appendix for conceptual value based on in-situ copper price and estimated costs to back in<br />
** Based on precedent transactions<br />
TSX.V : TNR 10