Re: My valuation
in response to
by
posted on
Nov 20, 2011 04:57PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
We have to use practical prices. There is a volume discount to think about. The cost of money is a factor. It would be nice to get bought out on current prices but they just don't do that. I down graded the 3 year average to account for slow economies. I think Teck will want the same. Their carry cost is higher than they'd like. This is why I'm certain that Teck does have a partner in place already.