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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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Message: Re: quellaveco sells for .36/lb
2
Jul 25, 2012 01:30AM

Pikerel...

.22 cents a lb for sheer copper is rather high.....after you added in other credit metals that buyout/acquisition would be rather large.....especially if you factor in gold credits (approx. 80/ounce for Canadian juniors in the last year).

A buyout on the equivalency of that deposit would make it one of the most expensive, if not the most expensive ever.

Copper is normally bought out around .03-.04 if Im not mistaken, so .06 represents a decent premium on top. If you went by copper equivalency you need to remember that the other metals factor in as a pound of copper, not as a dollar value.

Im sorry but Ive never heard of a project selling at .36 per lb of copper....its just too high....

Rogue,

1
Jul 25, 2012 03:19AM
1
Jul 25, 2012 09:10AM
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