Union Bar Gravel Project | Location | Sales Forecast | Revenue
Located in the municipality of Hope, British Columbia, the site covers 160 project acres. It has a project life expectancy of 100+ years and has an estimated total value of $1 Billion based on historic and recent exploration program data, with the ability to work in water at depth.
Analysts have determined the project has a high probability of success due to the following factors:
Union Bar Gravel Project
& Fraser Valley
HWY 1 – 152 km
Hope to Vancouver
Fraser Valley corridor
Metro Vancouver &
The City of Hope’s amenities are a 5-minute drive from the property and include: restaurants, shopping, motels, hotels, and a hospital. Local services include fuel, equipment supply and repair, abundant labour pool, as well as BC Hydro at site. Hope is located only 90 minutes from Metro Vancouver and the cities in the Fraser Valley.
Transportation is available by truck onsite with access to the Trans Canada Hwy #1, and Highways #3, #5 and #7. And by CP Rail onsite, CN Rail across the river, and by barge facilities within 40 minutes of the site.
These are derived by using Blue Book Equipment Rates (All Found Hourly Rates). Production is based on an 8-month season; 20 days per month, 10 hours per day. To meet the production quota of 250,000 MT (metric tonnes), the company will acquire equipment capable of processing 200 cubic yards per hour. The company will assist Triple O Contractors Ltd. to run an eight-month season avoiding winter conditions, which will reduce labor costs and allow for annual repairs and maintenance. With the proposed production rate, CANYON will stockpile material to ensure year-round sales, 12 months per year.
The Target Market gravel prices range from $15 to $50 plus per metric tonne depending on product and market. Canyon’s sand and gravel are a higher yield river gravel and sand product preferred by cement, construction, and landscaping companies. The price used for our pro forma projections is conservative at a lower mid-mark price per ton of $25/metric tonne.
Gold revenue has been determined by using the Canadian Spot Price as of November 20, 2020, at $2,450CAD and adjusted downwards to $2,400CAD. Gold is projected to maintain value through 2025 at USD 1850+ or Canadian Spot $2,405CAD. We estimate that one tonne of gravel and sand may yield $15 of gold per MT based on Triple ’O’ Contracting’s previous historic results and our recent exploration testing.
GOLD INCOME STREAM
GRAVEL INCOME STREAM
TIPPING FEES INCOME STREAM
TOTAL 2024 PRO FORMA ANNUAL REVENUE
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