Re: CUU equity vs market cap

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

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cuuvette350

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Re: CUU equity vs market cap

posted on Jun 19, 2012 10:52PM

As far as I am aware: We will only have prepaid credits for 25% of those 4X cash incurred costs

It's more complexe than that.

If you owned 1/4 of a house with somebody and that somebody owned the other 3/4 and that somebody is forced to upgrade the house by spending 75 Mil on your 1/4 and 225 Mil on his 3/4... The value of the whole house goes up, even your 1/4....

You can't divide Schaft Creek like a cake, so Teck would be (with their own money) upgrading the value of CUU's 25% by spending on on it's 75%...

How about the value on the Financing to commercial production...under 4 years

Also...

That 300 Million (amount) has indirect value as it's connected to the 4 year clause and has the capacity to make or break Teck's capability of earning it's interest in time.