Re: My valuation
in response to
by
posted on
Nov 21, 2011 04:09PM
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 may get a good deal but it would have to be a mix of NPV and in situ. I bet we get over $4 and the right to prove up the rest. It will be interesting to see what the spinco is worth.