Re: Teck back in or not !
in response to
by
posted on
Jul 24, 2012 06:03PM
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%)
150m + for the 25% of the deposit
320M + for expenses
60M for the potentials which includes royalties and Liard Shares
530M = about $1.25 which is right in our trading range.
Got any other recent copper takeover showing more than that?
Ok, go gold EQ of 45M oz. discount it 50% for the length of time.
Cite a couple examples.