While other stocks are in the red and have been beaten down, at least CUU has a trigger and a exit strategy. We will all make multiples of what we invested and be able to buy the undervalued gems out there, again make multiples of our multiples.
What we know is the Feasibility is out Jan-Feb, and we know Teck could act before.
If Teck waits after Feasibility, we do a revised resource estimate = more money.
If Teck backs in, our sp goes up big time and we still do the revised resource estimate.
If Tecks backs in and buys us out 25%, we are very rich.
If Teck backs out or backs in for anything less than 75%, we are mega rich.
Current 43-101:
7.63 Billion pounds of copper = 25.6 Billion
7.2 million oz gold = 11 Billion
453 million pounds of moly = 6.13 Billion
Total = 42.87 Billion
X 25% = 10.71 Billion
/ 391 million shares = $27.34 per share
If Teck takes 0% well $27,34 x 4 = $109 per share
I know I know don't use insitu. Just putting a value on 2% of our property.
If Teck backs in 75% they also pay for 75% of the cost of the mine and finance our 25%. until commercial production.
Initial capital to construct the mine and infrastructure was 2.9 Billion
(Teck paying for 2.18 Billion) and financing our 725 million
Sustaining capital incurred over the 23 year mine life was 800 million
(Again Teck paying for 600 million and financing our 200 million)
In all CUU's portion would be 925 Million
But let's not forget Teck must pay 4x expenditures (currently 70 million) so 70 million comes back to us, 925 million - 70 million = 850 million cost.
Again our initial 25% is valued at 10.71 Billion. I didn't include silver and that is just 2% of our property. I also didn't include the 2011 drill results.