HyB Comercial Proyecto Iron Ore Mining: Supuestos Generales

Cambia Celdas y Planilla

Valores de Entrada Impuestos & Costos Inesperados Base %

Moneda: OPEX CLP Tasa Impositiva: Anual 27%
Moneda: Ventas USD PPM (Impuetos a la Venta): Mensual 1.5%
USD/CLP: 7/13/2023 880 Empleo (Costo Empresa): Mensual 30%
USD/CLP: 8/17/2023 870 IVA: 19%
USD/CLP: Promedio 800 Pago (IVA): 19%
Fecha Inicio: 8/1/2022 Inflación: 3%
Fecha Término (Inversionista): 7/31/2024 Costos Inesperados (OPEX): 5%
Fecha Término (HyB): Costos Inesperados (HH): 5%
Precio Petróleo: CLP 980
Recuperación Metalurgica: Mensual 33%
Producción Hierro: 3M 10,000
4-5M 15,000
6M 20,000
Turnos: Tipo 5x2
Puerto: N/A

HyB Comercial Proyecto Iron Ore Mining: Condiciones Ventas y Financiamiento

Condiciones de Venta Condiciones de Financiamiento

Platts' Price: Today 118.00 Monto de Inversión: USD 400,000
Platts' Price (Proyección): 12/1/2022 115.00 Período de Inversión: Meses 18
Platts' Price (Proyección): 7/1/2023 100.00 Tasa de Interés: Anual (USD) 12%
Comisión Broker (Fija): USD 0.0 Tipo de Tasa: Estructura Amortizable
Comisión Broker (Variable): USD 0.0
Pago Regalía: Platts (%) USD 4%
Pago Regalía: Anticipo 20,000,000
Ley de Material: 62%
Precio Exwork (Diproinduca): USD 35.00
Precio Exwork (CAP): Platts (-) % USD
Precio Exwork (CAP): Platts (-) USD

HyB Comercial Proyecto Iron Ore Mining: Pago IVA (Mensual)

Pago IVA
IVA
Item Condición Moneda Gastos Ventas Delta
Ventas Mensual CLP 53,200,000
Inversión Inicial Mensual CLP 0
Gastos Mensuales Mensual CLP 167,200
Operación Minera (Servimagallanes) Mensual CLP 15,200,000
Arriendos Planta Mensual CLP 0
Operación Minera Mensual CLP 12,966,829
Alojamiento Mensual CLP 1,596,000
Gasto Petróleo Mensual CLP 3,692,706
Total 33,622,735 53,200,000 -19,577,265
HyB Comercial Proyecto Iron Ore Mining
FFCF - Build Up
Jul-23

Mes 1 - Ago
Total
1W
Montos en USD
Producción - Concentrado Hierro (Tn/62%)
Semanal [Tn] 435,000
Producción Total [Tn] 435,000 0

Precio del Hierro (Platts) [Tn] 1,888 118.0

Ingresos 1W
Concentrado Hierro (Tn/62%) [USD] 18,117,750
Total Ingresos [USD] $18,117,750 $0

Costos de Explotación 1W
Regalía [USD] 1,848,927 $22,727
Total Costos de Explotación [USD] $1,848,927 $22,727

Margen Bruto 1W
Total Margen Bruto [USD] $16,268,823
### -$22,727

Operación Minera (OPEX - HyB) 1W

Excavadora 30Ton [USD] 590,804 $22,159

Camion Tolva 15m3 [USD] 641,861 $24,074
Perforadora - Track Drill [USD] 284,461 $10,669
Cargador Frontal [USD] 220,655 $8,276
Camioneta [USD] 142,231 $5,334
Explosivos [USD] 989,483 $20,690
Herramientas [USD] 8,207 $1,368
Modulos - Oficinas [USD] 9,126
Baños [USD] 10,881
Total Operación Minera (OPEX) [USD] $2,897,710 $92,569

Gastos Petróleo (OPEX) 1W

Petróleo [USD] 682,210 $6,646
Total Gastos Petróleo (OPEX) [USD] $682,210 $6,646

Operación Minera (OPEX - Servimagallanes) 1W

Servimagallanes [USD] 5,176,500
Total Costos de Explotación [USD] $5,176,500 $0

Gastos Generales (OPEX) 1W

HH.RR. [USD] 832,249

Inversión Inicial [USD] 0 $0
Gastos Mensuales [USD] 30,889 $301
Alojamiento [USD] 333,597 $6,511
 Alimentacion [USD] 255,104 $4,979
Total Gastos Generales (OPEX) [USD] $1,451,840 $11,791

Total OPEX 1W
OPEX [USD] 10,208,260 $111,006
Total OPEX [USD] $10,208,260 $111,006

Gastos Transporte 1W

Tansporte Terrestre [USD] 0

Tansporte Acopio [USD] 0
Acopio [USD] 0
Puerto [USD] 0
Aduanas [USD] 0
Flete Marítimo [USD] 0
Total Gastos Transporte [USD] $0 $0

Otros Gastos 1W

Costos Inesperados (% OPEX) [USD] 510,413 $5,550

Costos Inesperados (% HH) [USD] 41,612 $0
Financiero [USD] 439,071
Total Otros Gastos [USD] $991,096 $5,550

Total Gastos 1W

Total Gastos [USD] $11,199,356 $116,556

Utilidad Antes de Impuestos 1W

Total Utilidad Antes de Impuestos [USD] $5,069,467 -$139,283

Acumulado Utilidad Antes de Impuestos [USD] $5,069,467 -$139,283

Mes 1 - Ago 2022 Mes 2 - Sept 2022 Mes 3 - Oct 2022

2W 3W 4W 5W 6W 7W 8W 9W 10W

2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500

0 2,500 5,000 2,500 5,000 7,500 10,000 2,500 5,000

118.0 118.0 118.0 118.0 118.0 118.0 118.0 118.0 118.0

2W 3W 4W 5W 6W 7W 8W 9W 10W
$208,250 $208,250 $208,250 $208,250
$0 $0 $208,250 $0 $208,250 $0 $208,250 $0 $208,250

2W 3W 4W 5W 6W 7W 8W 9W 10W
$23,600 $23,600 $23,600
$0 $0 $0 $0 $23,600 $0 $23,600 $0 $23,600

2W 3W 4W 5W 6W 7W 8W 9W 10W
$0 $0 $208,250 $0 $184,650 $0 $184,650 $0 $184,650

2W 3W 4W 5W 6W 7W 8W 9W 10W

$22,159 $22,159
$24,074 $24,074
$10,669 $10,669
$8,276 $8,276
$5,334 $5,334
$20,690 $20,690

$356 $356
$424 $424
$0 $0 $91,981 $0 $0 $0 $91,981 $0 $0

2W 3W 4W 5W 6W 7W 8W 9W 10W
$6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646
$6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646

2W 3W 4W 5W 6W 7W 8W 9W 10W
$59,500 $0 $119,000 $0
$0 $0 $59,500 $0 $0 $0 $119,000 $0 $0

2W 3W 4W 5W 6W 7W 8W 9W 10W

$32,431 $32,431

$301 $301 $301 $301 $301 $301 $301 $301 $301

$6,511 $6,511 $6,511 $6,511
 $4,979 $4,979 $4,979 $4,979
$301 $301 $44,221 $11,791 $301 $301 $44,221 $11,791 $301

2W 3W 4W 5W 6W 7W 8W 9W 10W
$6,947 $6,947 $202,348 $18,437 $6,947 $6,947 $261,848 $18,437 $6,947
$6,947 $6,947 $202,348 $18,437 $6,947 $6,947 $261,848 $18,437 $6,947

2W 3W 4W 5W 6W 7W 8W 9W 10W

$0 $0 $0 $0 $0 $0 $0 $0 $0

2W 3W 4W 5W 6W 7W 8W 9W 10W

$347 $347 $10,117 $922 $347 $347 $13,092 $922 $347

$0 $0 $1,622 $0 $0 $0 $1,622 $0 $0
$24,393 $24,393
$347 $347 $36,132 $922 $347 $347 $39,107 $922 $347

2W 3W 4W 5W 6W 7W 8W 9W 10W

$7,294 $7,294 $238,480 $19,358 $7,294 $7,294 $300,955 $19,358 $7,294

2W 3W 4W 5W 6W 7W 8W 9W 10W

-$7,294 -$7,294 -$30,230 -$19,358 $177,356 -$7,294 -$116,305 -$19,358 $177,356

-$146,577 -$153,872 -$184,101 -$203,460 -$26,104 -$33,398 -$149,703 -$169,061 $8,295

Mes 3 - Oct 2022 Mes 4 - Nov 2022 Mes 5 - Dic 2022

11W 12W 13W 14W 15W 16W 17W 18W 19W

2,500 2,500 3,750 3,750 3,750 3,750 3,750 3,750 3,750

7,500 10,000 3,750 7,500 11,250 15,000 3,750 7,500 11,250

118.0 118.0 118.0 118.0 118.0 118.0 115.0 115.0 115.0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$208,250 $312,375 $312,375 $312,375
$0 $208,250 $0 $312,375 $0 $312,375 $0 $312,375 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$23,600 $35,400 $35,400 $34,500
$0 $23,600 $0 $35,400 $0 $35,400 $0 $34,500 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$0 $184,650 $0 $276,975 $0 $276,975 $0 $277,875 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$22,159 $22,159
$24,074 $24,074
$10,669 $10,669
$8,276 $8,276
$5,334 $5,334
$20,690 $20,690
$1,368
$356 $356
$424 $424
$0 $91,981 $0 $0 $0 $91,981 $1,368 $0 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646
$6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646 $6,646

11W 12W 13W 14W 15W 16W 17W 18W 19W

$119,000 $178,500
$0 $119,000 $0 $0 $0 $178,500 $0 $0 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$32,431 $32,431

$301 $301 $301 $301 $301 $301 $301 $301 $301

$6,511 $6,511 $6,511 $6,511
 $4,979 $4,979 $4,979 $4,979
$301 $44,221 $11,791 $301 $301 $44,221 $11,791 $301 $301

11W 12W 13W 14W 15W 16W 17W 18W 19W

$6,947 $261,848 $18,437 $6,947 $6,947 $321,348 $19,804 $6,947 $6,947
$6,947 $261,848 $18,437 $6,947 $6,947 $321,348 $19,804 $6,947 $6,947

11W 12W 13W 14W 15W 16W 17W 18W 19W

$0 $0 $0 $0 $0 $0 $0 $0 $0

11W 12W 13W 14W 15W 16W 17W 18W 19W

$347 $13,092 $922 $347 $347 $16,067 $990 $347 $347

$0 $1,622 $0 $0 $0 $1,622 $0 $0 $0
$24,393 $24,393
$347 $39,107 $922 $347 $347 $42,082 $990 $347 $347

11W 12W 13W 14W 15W 16W 17W 18W 19W

$7,294 $300,955 $19,358 $7,294 $7,294 $363,430 $20,795 $7,294 $7,294

11W 12W 13W 14W 15W 16W 17W 18W 19W

-$7,294 -$116,305 -$19,358 $269,681 -$7,294 -$86,455 -$20,795 $270,581 -$7,294

$1,000 -$115,304 -$134,663 $135,018 $127,724 $41,269 $20,475 $291,055 $283,761

Dic 2022 Mes 6 - Ene 2023 Mes 7 - Feb 2023

20W 21W 22W 23W 24W 25W 26W 27W 28W

3,750 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

15,000 5,000 10,000 15,000 20,000 5,000 10,000 15,000 20,000

115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0

20W 21W 22W 23W 24W 25W 26W 27W 28W

$312,375 $416,500 $416,500 $416,500 $416,500
$312,375 $0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500

20W 21W 22W 23W 24W 25W 26W 27W 28W

$34,500 $46,000 $46,000 $46,000 $46,000
$34,500 $0 $46,000 $0 $46,000 $0 $46,000 $0 $46,000

20W 21W 22W 23W 24W 25W 26W 27W 28W

$277,875 $0 $370,500 $0 $370,500 $0 $370,500 $0 $370,500

20W 21W 22W 23W 24W 25W 26W 27W 28W

$22,159 $24,098 $24,098

$24,074 $26,180 $26,180
$10,669 $11,603 $11,603
$8,276 $9,000 $9,000
$5,334 $5,801 $5,801
$31,034 $45,000 $45,000

$356 $387 $387

$424 $461 $461
$102,326 $0 $0 $0 $122,529 $0 $0 $0 $122,529

20W 21W 22W 23W 24W 25W 26W 27W 28W

$6,646 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$6,646 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

20W 21W 22W 23W 24W 25W 26W 27W 28W

$178,500 $238,000 $238,000
$178,500 $0 $0 $0 $238,000 $0 $0 $0 $238,000

20W 21W 22W 23W 24W 25W 26W 27W 28W

$32,431 $35,268 $35,268

$301 $327 $327 $327 $327 $327 $327 $327 $327

$6,511 $6,511 $7,081 $7,081 $7,081
 $4,979 $4,979 $5,415 $5,415 $5,415
$44,221 $11,817 $327 $327 $48,090 $12,822 $327 $327 $48,090

20W 21W 22W 23W 24W 25W 26W 27W 28W

$331,693 $19,044 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847
$331,693 $19,044 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847

20W 21W 22W 23W 24W 25W 26W 27W 28W

$0 $0 $0 $0 $0 $0 $0 $0 $0

20W 21W 22W 23W 24W 25W 26W 27W 28W

$16,585 $952 $378 $378 $20,792 $1,002 $378 $378 $20,792

$1,622 $0 $0 $0 $1,763 $0 $0 $0 $1,763
$24,393 $24,393 $24,393
$42,599 $952 $378 $378 $46,949 $1,002 $378 $378 $46,949

20W 21W 22W 23W 24W 25W 26W 27W 28W

$374,292 $19,997 $7,932 $7,932 $462,796 $21,052 $7,932 $7,932 $462,796

20W 21W 22W 23W 24W 25W 26W 27W 28W

-$96,417 -$19,997 $362,568 -$7,932 -$92,296 -$21,052 $362,568 -$7,932 -$92,296

$187,344 $167,348 $529,915 $521,983 $429,687 $408,635 $771,202 $763,270 $670,974

 Mes 8 - Mar 2023 Mes 9 - Abr 2023 Mes 10 - May

29W 30W 31W 32W 33W 34W 35W 36W 37W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

5,000 10,000 15,000 20,000 5,000 10,000 15,000 20,000 5,000

115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0 115.0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$416,500 $416,500 $416,500 $416,500
$0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$46,000 $46,000 $46,000 $46,000
$0 $46,000 $0 $46,000 $0 $46,000 $0 $46,000 $0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$0 $370,500 $0 $370,500 $0 $370,500 $0 $370,500 $0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000
$1,368
$387 $387
$461 $461
$0 $0 $0 $122,529 $0 $0 $0 $122,529 $1,368

29W 30W 31W 32W 33W 34W 35W 36W 37W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

29W 30W 31W 32W 33W 34W 35W 36W 37W

$238,000 $238,000
$0 $0 $0 $238,000 $0 $0 $0 $238,000 $0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415 $5,415
$12,822 $327 $327 $48,090 $12,822 $327 $327 $48,090 $12,822

29W 30W 31W 32W 33W 34W 35W 36W 37W

$20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $21,418
$20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $21,418

29W 30W 31W 32W 33W 34W 35W 36W 37W

$0 $0 $0 $0 $0 $0 $0 $0 $0

29W 30W 31W 32W 33W 34W 35W 36W 37W

$1,002 $378 $378 $20,792 $1,002 $378 $378 $20,792 $1,071

$0 $0 $0 $1,763 $0 $0 $0 $1,763 $0
$24,393 $24,393
$1,002 $378 $378 $46,949 $1,002 $378 $378 $46,949 $1,071

29W 30W 31W 32W 33W 34W 35W 36W 37W

$21,052 $7,932 $7,932 $462,796 $21,052 $7,932 $7,932 $462,796 $22,488

29W 30W 31W 32W 33W 34W 35W 36W 37W

-$21,052 $362,568 -$7,932 -$92,296 -$21,052 $362,568 -$7,932 -$92,296 -$22,488

$649,922 $1,012,490 $1,004,557 $912,261 $891,209 $1,253,777 $1,245,844 $1,153,548 $1,131,060

Mes 10 - May 2023 Mes 11 - Jun 2023 Mes 12 - Jul 2023

38W 39W 40W 41W 42W 43W 44W 45W 46W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

10,000 15,000 20,000 5,000 10,000 15,000 20,000 5,000 10,000

115.0 115.0 115.0 115.0 115.0 115.0 115.0 100.0 100.0

38W 39W 40W 41W 42W 43W 44W 45W 46W

$416,500 $416,500 $416,500 $416,500 $416,500
$416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500

38W 39W 40W 41W 42W 43W 44W 45W 46W

$46,000 $46,000 $46,000 $46,000 $40,000
$46,000 $0 $46,000 $0 $46,000 $0 $46,000 $0 $40,000

38W 39W 40W 41W 42W 43W 44W 45W 46W

$370,500 $0 $370,500 $0 $370,500 $0 $370,500 $0 $376,500

38W 39W 40W 41W 42W 43W 44W 45W 46W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000

$387 $387
$461 $461
$0 $0 $122,529 $0 $0 $0 $122,529 $0 $0

38W 39W 40W 41W 42W 43W 44W 45W 46W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

38W 39W 40W 41W 42W 43W 44W 45W 46W

$238,000 $238,000
$0 $0 $238,000 $0 $0 $0 $238,000 $0 $0

38W 39W 40W 41W 42W 43W 44W 45W 46W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415
$327 $327 $48,090 $12,822 $327 $327 $48,090 $12,822 $327

38W 39W 40W 41W 42W 43W 44W 45W 46W

$7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555
$7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555

38W 39W 40W 41W 42W 43W 44W 45W 46W

$0 $0 $0 $0 $0 $0 $0 $0 $0

38W 39W 40W 41W 42W 43W 44W 45W 46W

$378 $378 $20,792 $1,002 $378 $378 $20,792 $1,002 $378

$0 $0 $1,763 $0 $0 $0 $1,763 $0 $0
$24,393 $24,393
$378 $378 $46,949 $1,002 $378 $378 $46,949 $1,002 $378

38W 39W 40W 41W 42W 43W 44W 45W 46W

$7,932 $7,932 $462,796 $21,052 $7,932 $7,932 $462,796 $21,052 $7,932

38W 39W 40W 41W 42W 43W 44W 45W 46W

$362,568 -$7,932 -$92,296 -$21,052 $362,568 -$7,932 -$92,296 -$21,052 $368,568

$1,493,628 $1,485,695 $1,393,399 $1,372,347 $1,734,915 $1,726,982 $1,634,686 $1,613,634 $1,982,202

Mes 12 - Jul 2023 Mes 13 - Ago 2023 Mes 14 - Sep 2023

47W 48W 49W 50W 51W 52W 53W 54W 55W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

15,000 20,000 5,000 10,000 15,000 20,000 5,000 10,000 15,000

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$416,500 $416,500 $416,500 $416,500
$0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$40,000 $40,000 $40,000 $40,000
$0 $40,000 $0 $40,000 $0 $40,000 $0 $40,000 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$0 $376,500 $0 $376,500 $0 $376,500 $0 $376,500 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000

$387 $387
$461 $461
$0 $122,529 $0 $0 $0 $122,529 $0 $0 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

47W 48W 49W 50W 51W 52W 53W 54W 55W

$238,000 $238,000
$0 $238,000 $0 $0 $0 $238,000 $0 $0 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415
$327 $48,090 $12,822 $327 $327 $48,090 $12,822 $327 $327

47W 48W 49W 50W 51W 52W 53W 54W 55W

$7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555
$7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555

47W 48W 49W 50W 51W 52W 53W 54W 55W

$0 $0 $0 $0 $0 $0 $0 $0 $0

47W 48W 49W 50W 51W 52W 53W 54W 55W

$378 $20,792 $1,002 $378 $378 $20,792 $1,002 $378 $378

$0 $1,763 $0 $0 $0 $1,763 $0 $0 $0
$24,393 $24,393
$378 $46,949 $1,002 $378 $378 $46,949 $1,002 $378 $378

47W 48W 49W 50W 51W 52W 53W 54W 55W

$7,932 $462,796 $21,052 $7,932 $7,932 $462,796 $21,052 $7,932 $7,932

47W 48W 49W 50W 51W 52W 53W 54W 55W

-$7,932 -$86,296 -$21,052 $368,568 -$7,932 -$86,296 -$21,052 $368,568 -$7,932

$1,974,269 $1,887,974 $1,866,921 $2,235,489 $2,227,556 $2,141,261 $2,120,208 $2,488,776 $2,480,843

Sep 2023 Mes 15 - Oct 2023 Mes 16 - Nov 2023

56W 57W 58W 59W 60W 61W 62W 63W 64W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

20,000 5,000 10,000 15,000 20,000 5,000 10,000 15,000 20,000

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

56W 57W 58W 59W 60W 61W 62W 63W 64W

$416,500 $416,500 $416,500 $416,500 $416,500
$416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500

56W 57W 58W 59W 60W 61W 62W 63W 64W

$40,000 $40,000 $40,000 $40,000 $40,000
$40,000 $0 $40,000 $0 $40,000 $0 $40,000 $0 $40,000

56W 57W 58W 59W 60W 61W 62W 63W 64W

$376,500 $0 $376,500 $0 $376,500 $0 $376,500 $0 $376,500

56W 57W 58W 59W 60W 61W 62W 63W 64W

$24,098 $24,098 $24,098

$26,180 $26,180 $26,180
$11,603 $11,603 $11,603
$9,000 $9,000 $9,000
$5,801 $5,801 $5,801
$45,000 $45,000 $45,000
$1,368
$387 $387 $387
$461 $461 $461
$122,529 $1,368 $0 $0 $122,529 $0 $0 $0 $122,529

56W 57W 58W 59W 60W 61W 62W 63W 64W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

56W 57W 58W 59W 60W 61W 62W 63W 64W

$238,000 $238,000 $238,000
$238,000 $0 $0 $0 $238,000 $0 $0 $0 $238,000

56W 57W 58W 59W 60W 61W 62W 63W 64W

$35,268 $35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415 $5,415
$48,090 $12,822 $327 $327 $48,090 $12,822 $327 $327 $48,090

56W 57W 58W 59W 60W 61W 62W 63W 64W

$415,847 $21,418 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847
$415,847 $21,418 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847

56W 57W 58W 59W 60W 61W 62W 63W 64W

$0 $0 $0 $0 $0 $0 $0 $0 $0

56W 57W 58W 59W 60W 61W 62W 63W 64W

$20,792 $1,071 $378 $378 $20,792 $1,002 $378 $378 $20,792

$1,763 $0 $0 $0 $1,763 $0 $0 $0 $1,763
$24,393 $24,393 $24,393
$46,949 $1,071 $378 $378 $46,949 $1,002 $378 $378 $46,949

56W 57W 58W 59W 60W 61W 62W 63W 64W

$462,796 $22,488 $7,932 $7,932 $462,796 $21,052 $7,932 $7,932 $462,796

56W 57W 58W 59W 60W 61W 62W 63W 64W

-$86,296 -$22,488 $368,568 -$7,932 -$86,296 -$21,052 $368,568 -$7,932 -$86,296

$2,394,548 $2,372,059 $2,740,627 $2,732,694 $2,646,399 $2,625,346 $2,993,914 $2,985,981 $2,899,686

 Mes 17 - Dic 2023 Mes 18 - Ene 2024 Mes 19 - Feb

65W 66W 67W 68W 69W 70W 71W 72W 73W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

5,000 10,000 15,000 20,000 5,000 10,000 15,000 20,000 5,000

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$416,500 $416,500 $416,500 $416,500
$0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$40,000 $40,000 $40,000 $40,000
$0 $40,000 $0 $40,000 $0 $40,000 $0 $40,000 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$0 $376,500 $0 $376,500 $0 $376,500 $0 $376,500 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000

$387 $387
$461 $461
$0 $0 $0 $122,529 $0 $0 $0 $122,529 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

65W 66W 67W 68W 69W 70W 71W 72W 73W

$238,000 $238,000
$0 $0 $0 $238,000 $0 $0 $0 $238,000 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415 $5,415
$12,822 $327 $327 $48,090 $12,822 $327 $327 $48,090 $12,822

65W 66W 67W 68W 69W 70W 71W 72W 73W

$20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050
$20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050

65W 66W 67W 68W 69W 70W 71W 72W 73W

$0 $0 $0 $0 $0 $0 $0 $0 $0

65W 66W 67W 68W 69W 70W 71W 72W 73W

$1,002 $378 $378 $20,792 $1,002 $378 $378 $20,792 $1,002

$0 $0 $0 $1,763 $0 $0 $0 $1,763 $0
$24,393 $24,393
$1,002 $378 $378 $46,949 $1,002 $378 $378 $46,949 $1,002

65W 66W 67W 68W 69W 70W 71W 72W 73W

$21,052 $7,932 $7,932 $462,796 $21,052 $7,932 $7,932 $462,796 $21,052

65W 66W 67W 68W 69W 70W 71W 72W 73W

-$21,052 $368,568 -$7,932 -$86,296 -$21,052 $368,568 -$7,932 -$86,296 -$21,052

$2,878,633 $3,247,201 $3,239,269 $3,152,973 $3,131,921 $3,500,488 $3,492,556 $3,406,260 $3,385,208

Mes 19 - Feb 2024 Mes 20 - Mar 2024 Mes 21 - Abr 2024

74W 75W 76W 77W 78W 79W 80W 81W 82W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

10,000 15,000 20,000 5,000 10,000 15,000 20,000 5,000 10,000

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

74W 75W 76W 77W 78W 79W 80W 81W 82W

$416,500 $416,500 $416,500 $416,500 $416,500
$416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500

74W 75W 76W 77W 78W 79W 80W 81W 82W

$40,000 $40,000 $40,000 $40,000 $40,000
$40,000 $0 $40,000 $0 $40,000 $0 $40,000 $0 $40,000

74W 75W 76W 77W 78W 79W 80W 81W 82W

$376,500 $0 $376,500 $0 $376,500 $0 $376,500 $0 $376,500

74W 75W 76W 77W 78W 79W 80W 81W 82W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000
$1,368
$387 $387
$461 $461
$0 $0 $122,529 $1,368 $0 $0 $122,529 $0 $0

74W 75W 76W 77W 78W 79W 80W 81W 82W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

74W 75W 76W 77W 78W 79W 80W 81W 82W

$238,000 $238,000
$0 $0 $238,000 $0 $0 $0 $238,000 $0 $0

74W 75W 76W 77W 78W 79W 80W 81W 82W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415
$327 $327 $48,090 $12,822 $327 $327 $48,090 $12,822 $327

74W 75W 76W 77W 78W 79W 80W 81W 82W

$7,555 $7,555 $415,847 $21,418 $7,555 $7,555 $415,847 $20,050 $7,555
$7,555 $7,555 $415,847 $21,418 $7,555 $7,555 $415,847 $20,050 $7,555

74W 75W 76W 77W 78W 79W 80W 81W 82W

$0 $0 $0 $0 $0 $0 $0 $0 $0

74W 75W 76W 77W 78W 79W 80W 81W 82W

$378 $378 $20,792 $1,071 $378 $378 $20,792 $1,002 $378

$0 $0 $1,763 $0 $0 $0 $1,763 $0 $0

$378 $378 $22,556 $1,071 $378 $378 $22,556 $1,002 $378

74W 75W 76W 77W 78W 79W 80W 81W 82W

$7,932 $7,932 $438,403 $22,488 $7,932 $7,932 $438,403 $21,052 $7,932

74W 75W 76W 77W 78W 79W 80W 81W 82W

$368,568 -$7,932 -$61,903 -$22,488 $368,568 -$7,932 -$61,903 -$21,052 $368,568

$3,753,775 $3,745,843 $3,683,940 $3,661,451 $4,030,019 $4,022,086 $3,960,184 $3,939,131 $4,307,699

Mes 21 - Abr 2024 Mes 22 - May 2024 Mes 23 - Jun 2024

83W 84W 85W 86W 87W 88W 89W 90W 91W

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

15,000 20,000 5,000 10,000 15,000 20,000 5,000 10,000 15,000

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$416,500 $416,500 $416,500 $416,500
$0 $416,500 $0 $416,500 $0 $416,500 $0 $416,500 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$40,000 $40,000 $40,000 $40,000
$0 $40,000 $0 $40,000 $0 $40,000 $0 $40,000 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$0 $376,500 $0 $376,500 $0 $376,500 $0 $376,500 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$24,098 $24,098
$26,180 $26,180
$11,603 $11,603
$9,000 $9,000
$5,801 $5,801
$45,000 $45,000

$387 $387
$461 $461
$0 $122,529 $0 $0 $0 $122,529 $0 $0 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228
$7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228 $7,228

83W 84W 85W 86W 87W 88W 89W 90W 91W

$238,000 $238,000
$0 $238,000 $0 $0 $0 $238,000 $0 $0 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$35,268 $35,268

$327 $327 $327 $327 $327 $327 $327 $327 $327

$7,081 $7,081 $7,081 $7,081
 $5,415 $5,415 $5,415 $5,415
$327 $48,090 $12,822 $327 $327 $48,090 $12,822 $327 $327

83W 84W 85W 86W 87W 88W 89W 90W 91W

$7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555
$7,555 $415,847 $20,050 $7,555 $7,555 $415,847 $20,050 $7,555 $7,555

83W 84W 85W 86W 87W 88W 89W 90W 91W

$0 $0 $0 $0 $0 $0 $0 $0 $0

83W 84W 85W 86W 87W 88W 89W 90W 91W

$378 $20,792 $1,002 $378 $378 $20,792 $1,002 $378 $378

$0 $1,763 $0 $0 $0 $1,763 $0 $0 $0

$378 $22,556 $1,002 $378 $378 $22,556 $1,002 $378 $378

83W 84W 85W 86W 87W 88W 89W 90W 91W

$7,932 $438,403 $21,052 $7,932 $7,932 $438,403 $21,052 $7,932 $7,932

83W 84W 85W 86W 87W 88W 89W 90W 91W

-$7,932 -$61,903 -$21,052 $368,568 -$7,932 -$61,903 -$21,052 $368,568 -$7,932

$4,299,766 $4,237,863 $4,216,811 $4,585,379 $4,577,446 $4,515,543 $4,494,491 $4,863,059 $4,855,126

un 2024 Mes 24 - Jul 2024
Total
92W 93W 94W 95W 96W

5,000 5,000 5,000 5,000 5,000 435,000

20,000 5,000 10,000 15,000 20,000 435,000

100.0 100.0 100.0 100.0 100.0 1,888

92W 93W 94W 95W 96W

$416,500 $416,500 $416,500 18,117,750
$416,500 $0 $416,500 $0 $416,500 $18,117,750

92W 93W 94W 95W 96W

$40,000 $40,000 $40,000 1,848,927
$40,000 $0 $40,000 $0 $40,000 $1,848,927

92W 93W 94W 95W 96W

$376,500 $0 $376,500 $0 $376,500 $16,268,823

92W 93W 94W 95W 96W

$24,098 $24,098 $590,804

$26,180 $26,180 $641,861
$11,603 $11,603 $284,461
$9,000 $9,000 $220,655
$5,801 $5,801 $142,231
$45,000 $45,000 $989,483
$1,368 $8,207
$387 $387 $9,126
$461 $461 $10,881
$122,529 $1,368 $0 $0 $122,529 $2,897,710

92W 93W 94W 95W 96W

$7,228 $7,228 $7,228 $7,228 $7,228 682,210 $28,910
$7,228 $7,228 $7,228 $7,228 $7,228 $682,210

92W 93W 94W 95W 96W

$238,000 $238,000 5,176,500
$238,000 $0 $0 $0 $238,000 $5,176,500

92W 93W 94W 95W 96W

$35,268 $35,268 $832,249

$0
$327 $327 $327 $327 $327 $30,889
$7,081 $7,081 $7,081 $333,597
 $5,415 $5,415 $5,415 $255,104
$48,090 $12,822 $327 $327 $48,090 $1,451,840

92W 93W 94W 95W 96W

$415,847 $21,418 $7,555 $7,555 $415,847 10,208,260
$415,847 $21,418 $7,555 $7,555 $415,847 $10,208,260

92W 93W 94W 95W 96W

$0
$0
$0
$0
$0
$0
$0 $0 $0 $0 $0 $0

92W 93W 94W 95W 96W

$20,792 $1,071 $378 $378 $20,792 $510,413

$1,763 $0 $0 $0 $1,763 $41,612
$439,071
$22,556 $1,071 $378 $378 $22,556 $991,096

92W 93W 94W 95W 96W

$438,403 $22,488 $7,932 $7,932 $438,403### $11,199,356

92W 93W 94W 95W 96W

-$61,903 -$22,488 $368,568 -$7,932 -$61,903 $5,069,467

$4,793,223 $4,770,735 $5,139,302 $5,131,370 $5,069,467 $1

HyB Comercial Proyecto Iron Ore Mining: Estructura de Capital (+IVA)* - Proyección Semanal
Montos USD

Mes 1
Semanas 1 2 3 4
Producción (Tn) 0 0 2,500 2,500

Ingresos (USD) 0 0 0 208,250

Costos de Explotación (OPEX) 22,727 0 0 0

Regalía 22,727 0 0 0
Margen - - - 0.0%
Margen Bruto (22,727) 0 0 208,250
Margen - - - 100.0%
OPEX 111,006 6,947 6,947 202,348
Operación Minera (OPEX - HyB) 92,569 0 0 91,981
Gastos Petróleo (OPEX) 6,646 6,646 6,646 6,646
Operación Minera (OPEX - Servimagallanes) 0 0 0 59,500
Gastos Generales (OPEX) 11,791 301 301 44,221
Margen - - - 97.2%
Transporte 0 0 0 0
Margen - - - 0.0%
EBITDA (133,733) (6,947) (6,947) 5,902
Margen - - - 2.8%
Otros Gastos 5,550 347 347 36,132
Costos Inesperados (% OPEX) 5,550 347 347 10,117
Costos Inesperados (% HH) 0 0 0 1,622
Financiero 0 0 0 24,393
Margen - - - 17.4%
Total Gastos 116,556 7,294 7,294 238,480
Margen - - - 114.5%
Utilidad Antes de Impuestos (139,283) (7,294) (7,294) (30,230)
Margen - - - 14.5%

Necesidad de Capital (139,283) (146,577) (153,872) (184,101)

*Valores sujetos a cambios.
**El año 2024 incluye SÓLO desde Enero a Julio (2024).
 2 3 4
5 6 7 8 9 10 11 12 13
2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 3,750

0 208,250 0 208,250 0 208,250 0 208,250 0

0 23,600 0 23,600 0 23,600 0 23,600 0

0 23,600 0 23,600 0 23,600 0 23,600 0
- 11.3% - 11.3% - 11.3% - 11.3% -
0 184,650 0 184,650 0 184,650 0 184,650 0
- 88.7% - 88.7% - 88.7% - 88.7% -
18,437 6,947 6,947 261,848 18,437 6,947 6,947 261,848 18,437
0 0 0 91,981 0 0 0 91,981 0
6,646 6,646 6,646 6,646 6,646 6,646 6,646 6,646 6,646
0 0 0 119,000 0 0 0 119,000 0
11,791 301 301 44,221 11,791 301 301 44,221 11,791
- 3.3% - 125.7% - 3.3% - 125.7% -
0 0 0 0 0 0 0 0 0
- 0.0% - 0.0% - 0.0% - 0.0% -
(18,437) 177,703 (6,947) (77,198) (18,437) 177,703 (6,947) (77,198) (18,437)
- 85.3% - 37.1% - 85.3% - 37.1% -
922 347 347 39,107 922 347 347 39,107 922
922 347 347 13,092 922 347 347 13,092 922
0 0 0 1,622 0 0 0 1,622 0
0 0 0 24,393 0 0 0 24,393 0
- 0.2% - 18.8% - 0.2% - 18.8% -
19,358 7,294 7,294 300,955 19,358 7,294 7,294 300,955 19,358
- 3.5% - 144.5% - 3.5% - 144.5% -
(19,358) 177,356 (7,294) (116,305) (19,358) 177,356 (7,294) (116,305) (19,358)
- 85.2% - 55.8% - 85.2% - 55.8% -

(203,460) (26,104) (33,398) (149,703) (169,061) 8,295 1,000 (115,304) (134,663)

 4 5 6
14 15 16 17 18 19 20 21
3,750 3,750 3,750 3,750 3,750 3,750 3,750 5,000

312,375 0 312,375 0 312,375 0 312,375 0

35,400 0 35,400 0 34,500 0 34,500 0

35,400 0 35,400 0 34,500 0 34,500 0
11.3% - 11.3% - 11.0% - 11.0% -
276,975 0 276,975 0 277,875 0 277,875 0
88.7% - 88.7% - 89.0% - 89.0% -
6,947 6,947 321,348 19,804 6,947 6,947 331,693 19,044
0 0 91,981 1,368 0 0 102,326 0
6,646 6,646 6,646 6,646 6,646 6,646 6,646 7,228
0 0 178,500 0 0 0 178,500 0
301 301 44,221 11,791 301 301 44,221 11,817
2.2% - 102.9% - 2.2% - 106.2% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
270,028 (6,947) (44,373) (19,804) 270,928 (6,947) (53,818) (19,044)
86.4% - 14.2% - 86.7% - 17.2% -
347 347 42,082 990 347 347 42,599 952
347 347 16,067 990 347 347 16,585 952
0 0 1,622 0 0 0 1,622 0
0 0 24,393 0 0 0 24,393 0
0.1% - 13.5% - 0.1% - 13.6% -
7,294 7,294 363,430 20,795 7,294 7,294 374,292 19,997
2.3% - 116.3% - 2.3% - 119.8% -
269,681 (7,294) (86,455) (20,795) 270,581 (7,294) (96,417) (19,997)
86.3% - 27.7% - 86.6% - 30.9% -

135,018 127,724 41,269 20,475 291,055 283,761 187,344 167,348

 6 7 8
22 23 24 25 26 27 28 29
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

46,000 0 46,000 0 46,000 0 46,000 0

46,000 0 46,000 0 46,000 0 46,000 0
11.0% - 11.0% - 11.0% - 11.0% -
370,500 0 370,500 0 370,500 0 370,500 0
89.0% - 89.0% - 89.0% - 89.0% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 20,050
0 0 122,529 0 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
362,945 (7,555) (45,347) (20,050) 362,945 (7,555) (45,347) (20,050)
87.1% - 10.9% - 87.1% - 10.9% -
378 378 46,949 1,002 378 378 46,949 1,002
378 378 20,792 1,002 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 21,052 7,932 7,932 462,796 21,052
1.9% - 111.1% - 1.9% - 111.1% -
362,568 (7,932) (92,296) (21,052) 362,568 (7,932) (92,296) (21,052)
87.1% - 22.2% - 87.1% - 22.2% -

529,915 521,983 429,687 408,635 771,202 763,270 670,974 649,922

 8 9 10
30 31 32 33 34 35 36 37
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

46,000 0 46,000 0 46,000 0 46,000 0

46,000 0 46,000 0 46,000 0 46,000 0
11.0% - 11.0% - 11.0% - 11.0% -
370,500 0 370,500 0 370,500 0 370,500 0
89.0% - 89.0% - 89.0% - 89.0% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 21,418
0 0 122,529 0 0 0 122,529 1,368
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
362,945 (7,555) (45,347) (20,050) 362,945 (7,555) (45,347) (21,418)
87.1% - 10.9% - 87.1% - 10.9% -
378 378 46,949 1,002 378 378 46,949 1,071
378 378 20,792 1,002 378 378 20,792 1,071
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 21,052 7,932 7,932 462,796 22,488
1.9% - 111.1% - 1.9% - 111.1% -
362,568 (7,932) (92,296) (21,052) 362,568 (7,932) (92,296) (22,488)
87.1% - 22.2% - 87.1% - 22.2% -

1,012,490 1,004,557 912,261 891,209 1,253,777 1,245,844 1,153,548 1,131,060

 10 11 12
38 39 40 41 42 43 44 45
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

46,000 0 46,000 0 46,000 0 46,000 0

46,000 0 46,000 0 46,000 0 46,000 0
11.0% - 11.0% - 11.0% - 11.0% -
370,500 0 370,500 0 370,500 0 370,500 0
89.0% - 89.0% - 89.0% - 89.0% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 20,050
0 0 122,529 0 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
362,945 (7,555) (45,347) (20,050) 362,945 (7,555) (45,347) (20,050)
87.1% - 10.9% - 87.1% - 10.9% -
378 378 46,949 1,002 378 378 46,949 1,002
378 378 20,792 1,002 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 21,052 7,932 7,932 462,796 21,052
1.9% - 111.1% - 1.9% - 111.1% -
362,568 (7,932) (92,296) (21,052) 362,568 (7,932) (92,296) (21,052)
87.1% - 22.2% - 87.1% - 22.2% -

1,493,628 1,485,695 1,393,399 1,372,347 1,734,915 1,726,982 1,634,686 1,613,634

 12 13 14
46 47 48 49 50 51 52 53
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 20,050
0 0 122,529 0 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (20,050) 368,945 (7,555) (39,347) (20,050)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 46,949 1,002 378 378 46,949 1,002
378 378 20,792 1,002 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 21,052 7,932 7,932 462,796 21,052
1.9% - 111.1% - 1.9% - 111.1% -
368,568 (7,932) (86,296) (21,052) 368,568 (7,932) (86,296) (21,052)
88.5% - 20.7% - 88.5% - 20.7% -

1,982,202 1,974,269 1,887,974 1,866,921 2,235,489 2,227,556 2,141,261 2,120,208

 14 15 16
54 55 56 57 58 59 60 61
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 21,418 7,555 7,555 415,847 20,050
0 0 122,529 1,368 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (21,418) 368,945 (7,555) (39,347) (20,050)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 46,949 1,071 378 378 46,949 1,002
378 378 20,792 1,071 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 22,488 7,932 7,932 462,796 21,052
1.9% - 111.1% - 1.9% - 111.1% -
368,568 (7,932) (86,296) (22,488) 368,568 (7,932) (86,296) (21,052)
88.5% - 20.7% - 88.5% - 20.7% -

2,488,776 2,480,843 2,394,548 2,372,059 2,740,627 2,732,694 2,646,399 2,625,346

 16 17 18
62 63 64 65 66 67 68 69
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 20,050
0 0 122,529 0 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (20,050) 368,945 (7,555) (39,347) (20,050)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 46,949 1,002 378 378 46,949 1,002
378 378 20,792 1,002 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 24,393 0
0.1% - 11.3% - 0.1% - 11.3% -
7,932 7,932 462,796 21,052 7,932 7,932 462,796 21,052
1.9% - 111.1% - 1.9% - 111.1% -
368,568 (7,932) (86,296) (21,052) 368,568 (7,932) (86,296) (21,052)
88.5% - 20.7% - 88.5% - 20.7% -

2,993,914 2,985,981 2,899,686 2,878,633 3,247,201 3,239,269 3,152,973 3,131,921

 18 19 20
70 71 72 73 74 75 76 77
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 21,418
0 0 122,529 0 0 0 122,529 1,368
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (20,050) 368,945 (7,555) (39,347) (21,418)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 46,949 1,002 378 378 22,556 1,071
378 378 20,792 1,002 378 378 20,792 1,071
0 0 1,763 0 0 0 1,763 0
0 0 24,393 0 0 0 0 0
0.1% - 11.3% - 0.1% - 5.4% -
7,932 7,932 462,796 21,052 7,932 7,932 438,403 22,488
1.9% - 111.1% - 1.9% - 105.3% -
368,568 (7,932) (86,296) (21,052) 368,568 (7,932) (61,903) (22,488)
88.5% - 20.7% - 88.5% - 14.9% -

3,500,488 3,492,556 3,406,260 3,385,208 3,753,775 3,745,843 3,683,940 3,661,451

 20 21 22
78 79 80 81 82 83 84 85
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 20,050
0 0 122,529 0 0 0 122,529 0
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (20,050) 368,945 (7,555) (39,347) (20,050)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 22,556 1,002 378 378 22,556 1,002
378 378 20,792 1,002 378 378 20,792 1,002
0 0 1,763 0 0 0 1,763 0
0 0 0 0 0 0 0 0
0.1% - 5.4% - 0.1% - 5.4% -
7,932 7,932 438,403 21,052 7,932 7,932 438,403 21,052
1.9% - 105.3% - 1.9% - 105.3% -
368,568 (7,932) (61,903) (21,052) 368,568 (7,932) (61,903) (21,052)
88.5% - 14.9% - 88.5% - 14.9% -

4,030,019 4,022,086 3,960,184 3,939,131 4,307,699 4,299,766 4,237,863 4,216,811

 22 23 24
86 87 88 89 90 91 92 93
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

416,500 0 416,500 0 416,500 0 416,500 0

40,000 0 40,000 0 40,000 0 40,000 0

40,000 0 40,000 0 40,000 0 40,000 0
9.6% - 9.6% - 9.6% - 9.6% -
376,500 0 376,500 0 376,500 0 376,500 0
90.4% - 90.4% - 90.4% - 90.4% -
7,555 7,555 415,847 20,050 7,555 7,555 415,847 21,418
0 0 122,529 0 0 0 122,529 1,368
7,228 7,228 7,228 7,228 7,228 7,228 7,228 7,228
0 0 238,000 0 0 0 238,000 0
327 327 48,090 12,822 327 327 48,090 12,822
1.8% - 99.8% - 1.8% - 99.8% -
0 0 0 0 0 0 0 0
0.0% - 0.0% - 0.0% - 0.0% -
368,945 (7,555) (39,347) (20,050) 368,945 (7,555) (39,347) (21,418)
88.6% - 9.4% - 88.6% - 9.4% -
378 378 22,556 1,002 378 378 22,556 1,071
378 378 20,792 1,002 378 378 20,792 1,071
0 0 1,763 0 0 0 1,763 0
0 0 0 0 0 0 0 0
0.1% - 5.4% - 0.1% - 5.4% -
7,932 7,932 438,403 21,052 7,932 7,932 438,403 22,488
1.9% - 105.3% - 1.9% - 105.3% -
368,568 (7,932) (61,903) (21,052) 368,568 (7,932) (61,903) (22,488)
88.5% - 14.9% - 88.5% - 14.9% -

4,585,379 4,577,446 4,515,543 4,494,491 4,863,059 4,855,126 4,793,223 4,770,735

 24
94 95 96
5,000 5,000 5,000

416,500 0 416,500

40,000 0 40,000
40,000 0 40,000
9.6% - 9.6%
376,500 0 376,500
90.4% - 90.4%
7,555 7,555 415,847
0 0 122,529
7,228 7,228 7,228
0 0 238,000
327 327 48,090
1.8% - 99.8%
0 0 0
0.0% - 0.0%
368,945 (7,555) (39,347)
88.6% - 9.4%
378 378 22,556
378 378 20,792
0 0 1,763
0 0 0
0.1% - 5.4%
7,932 7,932 438,403
1.9% - 105.3%
368,568 (7,932) (61,903)
88.5% - 14.9%

5,139,302 5,131,370 5,069,467

HyB Comercial Proyecto Iron Ore Mining: Resumen e Indicadores Financieros (*)
Montos USD - La planilla a continuación es el ejercicio económico-financiero, en USD y con IVA, para verificar la viabilidad del Proyecto Iron Ore Mining (HyB) y se compone de las
Generales siguientes hojas:
1. Inputs
Moneda: OPEX CLP 2. Construcción FFCF
Moneda: Ventas USD 3. Resumen Semanal
USD/CLP: 6/26/2022 880 4. Informe (1 y 2)
USD/CLP: 7/31/2022 870 5. WACC
6. Gráficos
USD/CLP: Promedio 800 7. Estructura Deuda
Precio Petróleo: CLP 980
Recuperación Metalurgica: Mensual 33% - La hoja “Inputs” nutre a la hoja “Construcción FFCF".
Producción Hierro: 3M 10,000
- La hoja "Construcción FFCF" elabora el flujo de caja (+IVA) del Proyecto y alimenta la hoja "ResumenW".
4-5M 15,000
6M 20,000 - La hoja “ResumenW” elabora el flujo de caja del Proyecto y alimenta a la hoja “Informe”.

Precio de Venta & Costos - La hoja “Informe (1 y 2)” detalla los resultados del ejercicio.
Condición Ventas: USD per Ton Exwork
Precio Exwork (Neto): USD per Ton 35.00
Pago Regalía Mina Platts (%) USD 4%
Platts' Price: 6/26/2022 118.00
Platts' Price: Forecast 12-2022 115.00 HyB Comercial Proyecto Iron Ore Mining: Analisis VAN & TIR
Platts' Price: Forecast 1Y 100.00 Montos USD
Tasa de Descuento WACC: 16.62% Aumento tasa de descuento: 1.0%
Impuestos & Costos Inesperados Mes Flujo Neto VAN TIR
Tasa Impositiva: Anual 27% Aporte -$400,000 4% $ 2,482,803 23%
PPM (Impuetos a la Venta): Mensual 2% 1 -$184,101 5% $ 2,129,216 23%
Empleo (Costo Empresa): Mensual 30% 2 $34,398 6% $ 1,827,368 23%
IVA: Mensual 19% 3 $34,398 7% $ 1,568,590 23%
Pago (IVA): Mensual 19% 4 $156,573 8% $ 1,345,810 23%
Inflación: Anual 3% 5 $146,075 9% $ 1,153,236 23%
Costos Inesperados (OPEX): Mensual 5% 6 $242,343 10% $ 986,109 23%
Costos Inesperados (HH): Mensual 5% 7 $241,287 11% $ 840,500 23%
8 $241,287 12% $ 713,159 23%
Condiciones de Financiamiento 9 $241,287 13% $ 601,384 23%
Monto de Inversión: USD 400,000 10 $239,851 14% $ 502,922 23%
Período de Inversión: Meses 18 11 $241,287 15% $ 415,888 23%
Tasa de Interés: Anual (USD) 12% 12 $253,287 16% $ 338,698 23%
Tipo de Tasa: Estructura Amortizable 13 $253,287 17% $ 270,019 23%
Intereses Inv.: USD ($) 39,071 14 $253,287 18% $ 208,723 23%
15 $251,851 19% $ 153,852 23%
Métricas Proyecto 16 $253,287 20% $ 104,593 23%
Tasa de Descuento: WACC (USD) 16.62% 17 $253,287 21% $ 60,249 23%
VAN: USD 294,877 18 $253,287 22% $ 20,224 23%
PayPack Period (FCFF): Meses 24 19 $277,680 23% -$ 15,993 23%
Proyecto TIR: USD (%) 22.5% 20 $276,244 24% -$ 48,844 23%
ROE: Período 1267% 21 $277,680 25% -$ 78,711 23%
ROE: Anual 256% 22 $277,680 26% -$ 105,926 23%
23 $277,680 27% -$ 130,776 23%
Márgenes (2Y) 24 $276,244 28% -$ 153,512 23%
Margen Regalía: Período (24M) 10% Flujo Total $5,069,467 29% -$ 174,355 23%
Margen Bruto: Período (24M) 90%
Margen OPEX: Período (24M) 56% TIR (UF): 22.55%
Margen EBITDA: Período (24M) 33% VAN (UF): $ 294,877
Margen Otros Gastos: Período (24M) 5%
Relación VAN - TIR
Margen Utilidad a. Imp: Período (24M) 28% VAN
$ 3,000,000
$ 2,500,000
$ 2,000,000
VAN
$ 1,500,000
$ 1,000,000
$ 500,000 16,87%

$-
4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 26% 27% 28% 29%
-$ 500,000 TIR

HyB Comercial Proyecto Iron Ore Mining: Análisis de Sensibilidad (2Y)* (+IVA)
Montos USD
Cambios Precio Hierro +/-: 7%
Cambios en Producción Tn +/-: 10%
Producción (Tn/2Y)
231,177 256,863 285,404 317,115 352,350 391,500 435,000 478,500 526,350 578,985 636,884 700,572 770,629
29 -6,349,837 -5,605,565 -4,778,597 -3,859,742 -2,838,794 -1,704,406 -443,975 816,456 2,202,930 3,728,051 5,405,684 7,251,081 9,281,017
31 -5,845,653 -5,045,361 -4,156,147 -3,168,132 -2,070,337 -850,566 504,736 1,860,038 3,350,870 4,990,786 6,794,693 8,778,990 10,961,717
34 -5,303,519 -4,442,990 -3,486,846 -2,424,465 -1,244,040 67,542 1,524,856 2,982,170 4,585,215 6,348,565 8,288,250 10,421,903 12,768,922
36 -4,720,580 -3,795,280 -2,767,168 -1,624,822 -355,549 1,054,755 2,621,759 4,188,763 5,912,468 7,808,543 9,894,225 12,188,476 14,712,152
39 -4,093,764 -3,098,817 -1,993,321 -764,992 599,818 2,116,274 3,801,225 5,486,175 7,339,621 9,378,411 11,621,081 14,088,017 16,801,647
Precio Ventas (ExWork + IVA): 41.7 -3,419,768 -2,349,933 -1,161,227 159,557 1,627,095 3,257,692 5,069,467 6,881,242 8,874,195 11,066,442 13,477,915 16,130,535 19,048,416
46 -2,456,916 -1,280,098 27,478 1,480,341 3,094,632 4,888,290 6,881,242 8,874,195 11,066,442 13,477,915 16,130,535 19,048,416 22,258,086
50 -1,397,780 -103,279 1,335,054 2,933,203 4,708,924 6,681,947 8,874,195 11,066,442 13,477,915 16,130,535 19,048,416 22,258,086 25,788,723
55 -232,729 1,191,221 2,773,388 4,531,352 6,484,644 8,654,970 11,066,442 13,477,915 16,130,535 19,048,416 22,258,086 25,788,723 29,672,424
61 1,048,826 2,615,172 4,355,555 6,289,315 8,437,937 10,825,295 13,477,915 16,130,535 19,048,416 22,258,086 25,788,723 29,672,424 33,944,494
67 2,458,537 4,181,517 6,095,939 8,223,075 10,586,559 13,212,653 16,130,535 19,048,416 22,258,086 25,788,723 29,672,424 33,944,494 38,643,772

HyB Comercial Proyecto Iron Ore Mining: Análisis de Sensibilidad ROE (2Y)* (+IVA)
Montos USD
Cambios Precio Hierro +/-: 7%
Cambios en Producción Tn +/-: 10%
Producción (Tn/2Y)
231,177 256,863 285,404 317,115 352,350 391,500 435,000 478,500 526,350 578,985 636,884 700,572 770,629
29 N/A N/A N/A N/A N/A N/A N/A 43% 135% 205% 268% 326% 382%
31 N/A N/A N/A N/A N/A N/A 12% 116% 189% 253% 312% 368% 423%
34 N/A N/A N/A N/A N/A -59% 95% 173% 239% 298% 355% 410% 465%
36 N/A N/A N/A N/A N/A 62% 156% 224% 284% 342% 397% 452% 506%
39 N/A N/A N/A N/A 22% 130% 208% 270% 328% 384% 439% 493% 548%
Precio Ventas (ExWork + IVA): 41.7 N/A N/A N/A -37% 102% 185% 256% 315% 371% 426% 480% 535% 590%
46 N/A N/A -74% 92% 178% 250% 315% 371% 426% 480% 535% 590% 646%
50 N/A N/A 83% 171% 243% 309% 371% 426% 480% 535% 590% 646% 703%
55 N/A 73% 163% 237% 303% 365% 426% 480% 535% 590% 646% 703% 761%
61 62% 156% 230% 297% 359% 420% 480% 535% 590% 646% 703% 761% 821%
67 148% 223% 290% 353% 414% 475% 535% 590% 646% 703% 761% 821% 883%
HyB Comercial Proyecto Iron Ore Mining: Estructura de Costos (USD) & Costo Unitario Promedio (+IVA)
Montos USD

Costos Anuales (USD+IVA) Costos Anuales (% USD+IVA) Costos Unitarios per Ton (USD+IVA)
2022 2023 2024** Total 2022 2023 2024** Total 2022 2023 2024** Total 50%
40%
Producción (Tn) 55,000 240,000 140,000 435,000 55,000 240,000 140,000 435,000 40%
Regalía; 4 ;
14% 30% 22%
Costos de Explotación 256,927 1,032,000 560,000 1,848,927 12% 15% 14% 14% 5 4 4 4 20% 14% 11%
Regalía 256,927 1,032,000 560,000 1,848,927 12% 15% 14% 14% 5 4 4 4 10% 5% 4% 3%
Otros Gastos; 2 ; 8% 0%
OPEX 1,634,673 5,413,807 3,159,780 10,208,260 78% 77% 81% 78% 30 23 23 23 0%
Operación Minera (OPEX - HyB) 564,186 1,473,085 860,440 2,897,710 27% 21% 22% 22% 10 6 6 7

Operación Minera (OPEX - HyB)

Costos Inesperados (% OPEX)

Costos Inesperados (% HH)

Gastos Petróleo (OPEX)

Gastos Generales (OPEX)

Financiero
Regalía

Operación Minera (OPEX - Servimagal-

Gastos Petróleo (OPEX) 132,920 346,920 202,370 682,210 6% 5% 5% 5% 2 1 1 2
Operación Minera (OPEX - Servimagallanes) 654,500 2,856,000 1,666,000 5,176,500 31% 41% 43% 40% 12 12 12 12
Gastos Generales (OPEX) 283,068 737,801 430,971 1,451,840 13% 10% 11% 11% 5 3 3 3
Transporte 0 0 0 0 0% 0% 0% 0% 0 0 0 0

lanes)
Otros Gastos 211,805 584,565 194,726 991,096 10% 8% 5% 8% 4 2 1 2
Costos Inesperados (% OPEX) 81,734 270,690 157,989 510,413 4% 4% 4% 4% 1 1 1 1
Costos Inesperados (% HH) 8,108 21,161 12,344 41,612 0% 0% 0% 0% 0 0 0 0
OPEX; 23 ; 78%
Financiero 121,964 292,714 24,393 439,071 6% 4% 1% 3% 2 1 0 1

Punto de Equilibrio 2,103,406 7,030,372 3,914,506 13,048,283 100% 100% 100% 100% 38 29 28 30
*Valores sujetos a cambios.
**El año 2024 incluye SÓLO desde Enero a Julio (2024).

HyB Ore Mining Project: Estructura de Capital (+IVA)* - Proyección Mensual & Anual
Montos USD

Años Meses
2022 2023 2024 Total 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Producción (Tn) 55,000 240,000 140,000 435,000 5,000 10,000 10,000 15,000 15,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

Ingresos (USD) 2,290,750 9,996,000 5,831,000 18,117,750 208,250 416,500 416,500 624,750 624,750 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000 833,000

Costos de Explotación (OPEX) 256,927 1,032,000 560,000 1,848,927 22,727 47,200 47,200 70,800 69,000 92,000 92,000 92,000 92,000 92,000 92,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Regalía 256,927 1,032,000 560,000 1,848,927 22,727 47,200 47,200 70,800 69,000 92,000 92,000 92,000 92,000 92,000 92,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Margen 11.2% 10.3% 9.6% 10.2% 10.9% 11.3% 11.3% 11.3% 11.0% 11.0% 11.0% 11.0% 11.0% 11.0% 11.0% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6% 9.6%
Margen Bruto 2,033,823 8,964,000 5,271,000 16,268,823 185,523 369,300 369,300 553,950 555,750 741,000 741,000 741,000 741,000 741,000 741,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000 753,000
Margen 88.8% 89.7% 90.4% 89.8% 89.1% 88.7% 88.7% 88.7% 89.0% 89.0% 89.0% 89.0% 89.0% 89.0% 89.0% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4% 90.4%
OPEX 1,634,673 5,413,807 3,159,780 10,208,260 327,247 294,178 294,178 353,678 365,391 450,001 451,006 451,006 451,006 452,374 451,006 451,006 451,006 451,006 452,374 451,006 451,006 451,006 451,006 452,374 451,006 451,006 451,006
Operación Minera (OPEX - HyB) 564,186 1,473,085 860,440 2,897,710 184,550 91,981 91,981 91,981 103,693 122,529 122,529 122,529 122,529 123,897 122,529 122,529 122,529 122,529 123,897 122,529 122,529 122,529 122,529 123,897 122,529 122,529 122,529
Gastos Petróleo (OPEX) 132,920 346,920 202,370 682,210 26,584 26,584 26,584 26,584 26,584 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910 28,910
Operación Minera (OPEX - Servimagallanes) 654,500 2,856,000 1,666,000 5,176,500 59,500 119,000 119,000 178,500 178,500 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000 238,000
Gastos Generales (OPEX) 283,068 737,801 430,971 1,451,840 56,614 56,614 56,614 56,614 56,614 60,562 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567 61,567
Margen 71.4% 54.2% 54.2% 56.3% 157.1% 70.6% 70.6% 56.6% 58.5% 54.0% 54.1% 54.1% 54.1% 54.3% 54.1% 54.1% 54.1% 54.1% 54.3% 54.1% 54.1% 54.1% 54.1% 54.3% 54.1% 54.1% 54.1%
Transporte 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Margen 5.8% 3.5% 3.5% 3.8% 12.8% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
EBITDA 399,150 3,550,193 2,111,220 6,060,563 (141,724) 75,122 75,122 200,272 190,359 290,999 289,994 289,994 289,994 288,626 289,994 301,994 301,994 301,994 300,626 301,994 301,994 301,994 301,994 300,626 301,994 301,994 301,994
Margen 17.4% 35.5% 36.2% 33.5% 68.1% 18.0% 18.0% 32.1% 30.5% 34.9% 34.8% 34.8% 34.8% 34.6% 34.8% 36.3% 36.3% 36.3% 36.1% 36.3% 36.3% 36.3% 36.3% 36.1% 36.3% 36.3% 36.3%
Otros Gastos 211,805 584,565 194,726 991,096 42,377 40,723 40,723 43,698 44,284 48,656 48,707 48,707 48,707 48,775 48,707 48,707 48,707 48,707 48,775 48,707 48,707 48,707 24,314 24,382 24,314 24,314 24,314
Costos Inesperados (% OPEX) 81,734 270,690 157,989 510,413 16,362 14,709 14,709 17,684 18,270 22,500 22,550 22,550 22,550 22,619 22,550 22,550 22,550 22,550 22,619 22,550 22,550 22,550 22,550 22,619 22,550 22,550 22,550
Costos Inesperados (% HH) 8,108 21,161 12,344 41,612 1,622 1,622 1,622 1,622 1,622 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763 1,763
Financiero 121,964 292,714 24,393 439,071 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 24,393 0 0 0 0 0
Margen 9.2% 5.8% 3.3% 5.5% 20.3% 9.8% 9.8% 7.0% 7.1% 5.8% 5.8% 5.8% 5.8% 5.9% 5.8% 5.8% 5.8% 5.8% 5.9% 5.8% 5.8% 5.8% 2.9% 2.9% 2.9% 2.9% 2.9%
Total Gastos 1,846,478 5,998,372 3,354,506 11,199,356 369,624 334,902 334,902 397,377 409,675 498,657 499,713 499,713 499,713 501,149 499,713 499,713 499,713 499,713 501,149 499,713 499,713 499,713 475,320 476,756 475,320 475,320 475,320
Margen 80.6% 60.0% 57.5% 61.8% 177.5% 80.4% 80.4% 63.6% 65.6% 59.9% 60.0% 60.0% 60.0% 60.2% 60.0% 60.0% 60.0% 60.0% 60.2% 60.0% 60.0% 60.0% 57.1% 57.2% 57.1% 57.1% 57.1%
Utilidad Antes de Impuestos 187,344 2,965,628 1,916,494 5,069,467 (184,101) 34,398 34,398 156,573 146,075 242,343 241,287 241,287 241,287 239,851 241,287 253,287 253,287 253,287 251,851 253,287 253,287 253,287 277,680 276,244 277,680 277,680 277,680
Margen 8.2% 29.7% 32.9% 28.0% 88.4% 8.3% 8.3% 25.1% 23.4% 29.1% 29.0% 29.0% 29.0% 28.8% 29.0% 30.4% 30.4% 30.4% 30.2% 30.4% 30.4% 30.4% 33.3% 33.2% 33.3% 33.3% 33.3%

Necesidad de Capital 187,344 3,152,973 5,069,467 5,069,467 (184,101) (149,703) (115,304) 41,269 187,344 429,687 670,974 912,261 1,153,548 1,393,399 1,634,686 1,887,974 2,141,261 2,394,548 2,646,399 2,899,686 3,152,973 3,406,260 3,683,940 3,960,184 4,237,863 4,515,543 4,793,223
*Valores sujetos a cambios.
WACC HyB Comercial Proyecto Iron Ore Mining

WACC Desarrollo

Fuente
Peso
Equity 20.00% We El peso de los activos vs deuda
Deuda 80.00% Wd
Total 100.00%

Costo del Equity

Tasa Libre de Riesgo 3.06% Rf Tasa de Rendimiento UST 2 Años

Beta (no apalancado) 1.04 bu Beta (Sin Deuda) para el Mining

Deuda/Equity 400.00% D/E
Beta (apalancado) 5.20 be Formula Harris Pringle Formula = Beta (Sin

Riesgo de Mercado - USA 5.96% Página Damodaran

Spread - Chile 0.98% Prima Riego País - Chile
𝑬(𝑹_𝒎−𝑹_𝒇 )
Premio por Riesgo País - Chile 6.94% Riesgo de Mercado - Chile + Premio por Ri
Premio por Riesgo - Equity 36.09% Beta (Con Deuda) x Premio por Riesgo - Eq

Otros Riesgos 0.00% Para Small Caps y otros

Costo del Equity 39.15% Ke

Costo de la Deuda
Tasa Libre de Riesgo 3.06% Tasa de Rendimiento UST 2 Años
Premio por Deuda 12.00% Riesgo Empresa para el Mercado
Costo Deuda Antes Impuestos 15.06%

Tasa Impuestos 27.00% Tasa Impositiva - Chile

Costo de la Deuda (después de impuestos) 10.99% Kd

WACC 16.62% Weighted average cost of capital (Costo Pr

Análisis de Sensibilidad WACC

 Tabla de Sensibilidad
Impacto en el WACC de acuerdo a cambios en los pesos del equ

Cambios
Peso Equity 5.00% 42%
Tasa de Impuetos 5.00% 37%
32%
Adicionales Tasa de Impuesto 27%
Peso Equity 0.00% 22%
Tasa de Impuetos 0.00% 17%
12%
 Links

de los activos vs deuda

Rendimiento UST 2 Años http://www.bloomberg.com/markets/rates-bonds

n Deuda) para el Mining http://www.stern.nyu.edu/~adamodar/pc/datasets/bet

a Harris Pringle Formula = Beta (Sin Deuda) * (1 + Deuda /Equity)

http://www.stern.nyu.edu/~adamodar/pc/datasets/ctry
iego País - Chile http://www.stern.nyu.edu/~adamodar/pc/datasets/ctry
de Mercado - Chile + Premio por Riesgo País
on Deuda) x Premio por Riesgo - Equity

mall Caps y otros

Rendimiento UST 2 Años http://www.bloomberg.com/markets/rates-bonds

Empresa para el Mercado

positiva - Chile

ed average cost of capital (Costo Promedio Ponderado del Capital)

erdo a cambios en los pesos del equity e impuestos.
Peso Equity
35% 30% 25% 20% 15% 10%
19.38% 17.86% 16.34% 14.82% 13.30% 11.78%
19.87% 18.39% 16.90% 15.42% 13.94% 12.45%
20.36% 18.91% 17.47% 16.02% 14.58% 13.13%
20.85% 19.44% 18.03% 16.62% 15.22% 13.81%
21.34% 19.97% 18.60% 17.23% 15.86% 14.49%
21.83% 20.49% 19.16% 17.83% 16.50% 15.16%
22.32% 21.02% 19.73% 18.43% 17.14% 15.84%
m/markets/rates-bonds

~adamodar/pc/datasets/betas.xls

~adamodar/pc/datasets/ctryprem.xls
~adamodar/pc/datasets/ctryprem.xls

m/markets/rates-bonds
 5%
10.26%
10.97%
11.69%
12.40%
13.12%
13.83%
14.55%
Estructura Amortización Deuda

Pagos (Amortizable - Blended)

Montos USD
Monto: $400,000
Tasa (Anual): 12.00%
Tasa (Mensual): 1.00%
Período Pagos (Meses): 18
Pago: 24,393

Meses Pago Principal Interés Monto Insoluto

– $400,000
1 $24,393 $20,393 $4,000 $379,607
2 $24,393 $20,597 $3,796 $359,010
3 $24,393 $20,803 $3,590 $338,208
4 $24,393 $21,011 $3,382 $317,197
5 $24,393 $21,221 $3,172 $295,976
6 $24,393 $21,433 $2,960 $274,543
7 $24,393 $21,647 $2,745 $252,896
8 $24,393 $21,864 $2,529 $231,032
9 $24,393 $22,083 $2,310 $208,949
10 $24,393 $22,303 $2,089 $186,646
11 $24,393 $22,526 $1,866 $164,120
12 $24,393 $22,752 $1,641 $141,368
13 $24,393 $22,979 $1,414 $118,389
14 $24,393 $23,209 $1,184 $95,180
15 $24,393 $23,441 $952 $71,739
16 $24,393 $23,675 $717 $48,063
17 $24,393 $23,912 $481 $24,151
18 $24,393 $24,151 $242 $0
Total $439,071 $400,000 $39,071
Pagos (Bullet)
Montos USD
Monto: $400,000
Tasa (Anual): 12.00%
Tasa (Mensual): 1.00%
Período Pagos 18
Pago: 4,000

Meses Pago Principal Interés Monto Insoluto

– $400,000
1 $4,000 $4,000 $400,000
2 $4,000 $4,000 $400,000
3 $4,000 $4,000 $400,000
4 $4,000 $4,000 $400,000
5 $4,000 $4,000 $400,000
6 $4,000 $4,000 $400,000
7 $4,000 $4,000 $400,000
8 $4,000 $4,000 $400,000
9 $4,000 $4,000 $400,000
10 $4,000 $4,000 $400,000
11 $4,000 $4,000 $400,000
12 $4,000 $4,000 $400,000
13 $4,000 $4,000 $400,000
14 $4,000 $4,000 $400,000
15 $4,000 $4,000 $400,000
16 $4,000 $4,000 $400,000
17 $4,000 $4,000 $400,000
18 $4,000 $4,000 $400,000
Total $72,000 – $72,000
Monto Bullet #REF!
Estructura de Costos (Items)
Regalía 14%
Operación Minera (OPEX - HyB) 22%
Gastos Petróleo (OPEX) 5%
Operación Minera (OPEX - Servimagallanes) 40%
Gastos Generales (OPEX) 11%
Costos Inesperados (% OPEX) 4%
Costos Inesperados (% HH) 0%
Financiero 3%
Total 100%
 Costos Anuales (USD+IVA)
2022 2023 2024**
Producción (Tn) 55,000 240,000 140,000

Costos de Explotación 274,888 1,032,000 560,000

Regalía 274,888 1,032,000 560,000
OPEX 1,634,673 5,413,807 3,159,780
Operación Minera (OPEX - HyB) 564,186 1,473,085 860,440
Gastos Petróleo (OPEX) 132,920 346,920 202,370
Operación Minera (OPEX - Servimagallanes) 654,500 2,856,000 1,666,000
Gastos Generales (OPEX) 283,068 737,801 430,971
Transporte 0 0 0
Otros Gastos 272,787 730,922 206,922
Costos Inesperados (% OPEX) 81,734 270,690 157,989
Costos Inesperados (% HH) 8,108 21,161 12,344
Financiero 182,946 439,071 36,589

Punto de Equilibrio 2,182,348 7,176,729 3,926,702

les (USD+IVA) Costos Anuales (% USD+IVA) Costos Unitarios per Ton (USD+IVA)
Total 2022 2023 2024** Total 2022 2023 2024** Total
435,000 55,000 240,000 140,000 435,000

1,866,888 13% 14% 14% 14% 5 4 4 4

1,866,888 13% 14% 14% 14% 5 4 4 4
10,208,260 75% 75% 80% 77% 30 23 23 23
2,897,710 26% 21% 22% 22% 10 6 6 7
682,210 6% 5% 5% 5% 2 1 1 2
5,176,500 30% 40% 42% 39% 12 12 12 12
1,451,840 13% 10% 11% 11% 5 3 3 3
0 0% 0% 0% 0% 0 0 0 0
1,210,632 12% 10% 5% 9% 5 3 1 3
510,413 4% 4% 4% 4% 1 1 1 1
41,612 0% 0% 0% 0% 0 0 0 0
658,606 8% 6% 1% 5% 3 2 0 2

13,285,779 100% 100% 100% 100% 40 30 28 31

 2022 2023 2024
Producción (Tn) 55,000 240,000 140,000

Ingresos (Ventas) $2,290,750 $9,996,000 $5,831,000

Costo de Explotación $256,927 $1,032,000 $560,000

Pago Regalía $256,927 $1,032,000 $560,000
Márgen 11.2% 10.3% 9.6%
Margen Bruto $2,033,823 $8,964,000 $5,271,000
Márgen 88.8% 89.7% 90.4%
OPEX $1,634,673 $5,413,807 $3,159,780
Operación Minera (OPEX - HyB) $564,186 $1,473,085 $860,440
Gastos Petróleo (OPEX) $132,920 $346,920 $202,370
Operación Minera (OPEX - Servimagallanes) $654,500 $2,856,000 $1,666,000
Gastos Generales (OPEX) $283,068 $737,801 $430,971
Márgen 71.4% 54.2% 54.2%
Gastos Transporte $0 $0 $0
Márgen 0.0% 0.0% 0.0%
EBITDA $399,150 $3,550,193 $2,111,220
Márgen 17.4% 35.5% 36.2%
Otros Gastos $211,805 $584,565 $194,726
Costos Inesperados (% OPEX) $81,734 $270,690 $157,989
Costos Inesperados (% HH) $8,108 $21,161 $12,344
Financiero $121,964 $292,714 $24,393
Márgen 9.2% 5.8% 3.3%
Total Gastos $1,846,478 $5,998,372 $3,354,506
Márgen 80.6% 60.0% 57.5%
Utilidad Antes de Impuestos $187,344 $2,965,628 $1,916,494
Márgen 8.2% 29.7% 32.9%
Utilidad Acumulada $187,344 $3,152,973 $5,069,467
 Fecha Inicio 2nda Fase 3era Fase
Total Aug-22 Sep 22 - Oct 22 Nov 22 - Dic 22 Ene 23 - Jul 24
435,000 5,000 20,000 30,000 380,000

$18,117,750 $208,250 $833,000 $1,249,500 $15,827,000

$1,848,927 $22,727 $94,400 $139,800 $1,592,000

$1,848,927 $22,727 $94,400 $139,800 $1,592,000
10.2% 10.9% 11.3% 11.2% 10.1%
$16,268,823 $185,523 $738,600 $1,109,700 $14,235,000
89.8% 89.1% 88.7% 88.8% 89.9%
$10,208,260 $327,247 $588,357 $719,069 $8,573,587
$2,897,710 $184,550 $183,962 $195,674 $2,333,525
$682,210 $26,584 $53,168 $53,168 $549,290
$5,176,500 $59,500 $238,000 $357,000 $4,522,000
$1,451,840 $56,614 $113,227 $113,227 $1,168,772
56.3% 157.1% 70.6% 57.5% 54.2%
$0 $0 $0 $0 $0
0.0% 0.0% 0.0% 0.0% 0.0%
$6,060,563 -$141,724 $150,243 $390,631 $5,661,413
33.5% -68.1% 18.0% 31.3% 35.8%
$991,096 $42,377 $81,447 $87,982 $779,291
$510,413 $16,362 $29,418 $35,953 $428,679
$41,612 $1,622 $3,243 $3,243 $33,505
$439,071 $24,393 $48,786 $48,786 $317,107
5.5% 20.3% 9.8% 0.0% 0.0%
$11,199,356 $369,624 $669,803 $807,051 $9,352,877
61.8% 177.5% 80.4% 64.6% 59.1%
$5,069,467 -$184,101 $68,797 $302,649 $4,882,123
28.0% -88.4% 8.3% 24.2% 30.8%
-$184,101 -$115,304 $187,344 $5,069,467
 Frecuencia
Necesidad de Capital (HyB): USD 442,604 ROE: Anual
Justificación Capital (HyB): 6 Semanas de Operación Período
Inversión Inicial: USD 400,000 TIR: Anual
Período de Inversión: 18 Meses Margen Regalía: Período
Tipo de Inversión: Deuda Amortizable Margen Bruto: Período
Tasa de Interés (Anual - USD): 12% Margen OPEX: Período
Tasa de Interés (Mensual - USD): 1% Margen EBITDA: Período
Intereses a Pagar: USD 39,071 Margen Otros Gastos: Período
Garantía: por Definir Margen Utilidad a. Imp: Período
Tasa de Descuento (WACC): 16.6% Forecast USD/CLP: 2023
VAN (WACC): USD 294,877 Forecast Platts (Hierro): 2023
%
256%
1267%
22.5%
10.2%
89.8%
56.3%
33.5%
5.5%
28.0%
800
100