Let's do it with the new RE, Julian Baring does include Inferred but I still seperated everything (and this is just for the Paramount and Liard zone):
| JULIAN BARING |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| M+I |
|
Price |
Amount |
CUU'S 25% |
JB: 10% |
Per share |
|
|
| copper |
7100000000 |
3,3555 |
23824050000 |
5956012500 |
595601250 |
1,466998153 |
|
|
| moly |
455300000 |
13,52 |
6155656000 |
1538914000 |
153891400 |
0,379042857 |
|
|
| gold |
7300000 |
1636 |
11942800000 |
2985700000 |
298570000 |
0,735394089 |
|
|
| silver |
66700000 |
29,23 |
1949641000 |
487410250 |
48741025 |
0,120051786 |
TOTAL |
2,701487 |
| |
|
|
|
|
|
|
|
|
| Inferred |
|
Price |
Amount |
CUU's 25 |
JB: 10% |
Per share |
|
|
| copper |
2900000000 |
3,3555 |
9730950000 |
2432737500 |
243273750 |
0,599196429 |
|
|
| moly |
206200000 |
13,52 |
2787824000 |
696956000 |
69695600 |
0,171664039 |
|
|
| gold |
3300000 |
1636 |
5398800000 |
1349700000 |
134970000 |
0,332438424 |
|
|
| silver |
31600000 |
29,23 |
923668000 |
230917000 |
23091700 |
0,056876108 |
TOTAL |
1,160175 |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
TOTAL |
3,861662 |
To that number we must add premiums:
A) 400% Expenditures:
CUU's portion (25%) = 0.197 cents (that brings us to $4.05)
* But Teck putting in another 240 million would bring the value of our 25% up..
B) Teck Financing
C) Liard shares
D) NSR
E) Potential left in Paramount and Liard zone (at least 50% east + depth and North)
D) Teck CUU agreement (control, 4 year clause)
And is the Julian Baring 10% valuation still valid these days...considering the current supply demand situation...
Many majors are cash rich and will compete amongs each other for the existing resources..premiums are paid.
