Re: And for those who are NOT interested ....
in response to
by
posted on
Jul 24, 2012 07:32PM
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%)
Just to clarify with everyone's opinion on value of CUU.
PFS back in 2008 showed a capex of SC for $2.8 billion.
Elmer said $800 million of that the operating expense for the lifetime of the mine.
Also, $400 million of that capex was for powering the construction IF the NTL was not there.
The actual construction costs back in 2008 was $1.6 billion.
Right now, until we see the FS, we don't know how much different and how it's going to affect the NPV of SC.
The buying behaviour of Stifel, EE, and MacDonald shows me a bullish sign.
The claims of land by Teck around us and Galore shows me a bullish sign.
The confidence I saw in Elmer and Mackay in January shows me a bullish sign.
Teck not pursuing the QBII project and conserving cash for some project that is better than QBII is a bullish sign to me.
The options priced at $1.65 per share shows me management believes price should be higher.