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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: Teck 52-week low and back-in/buy-out thoughts?
13
Sep 04, 2012 08:30PM

But I digress - I'm still eagerly waiting for the NPV numbers from the BFS. Wonder if we can get the 8% discounted to $3.5B or $4B ... hopefully more.

$3.5B or $4B after-tax?

The PFS had an NPV of $2.764B before taxes.

At the time, 3 Yr. historical trailing metals prices were:

Copper = $3.12

Gold = $692.85

Silver = $13.09

As at August 31st, 2012, the 3 Yr. historical trailing metals prices were:

Copper = $3.60

Gold = $1415.00

Silver = Cannot find but I imagine at least double

Also, the PFS had 100,000 tonnes per day, so 200,000 would help significantly with the BFS. I know they are planning a minimum 120,000 but I am hoping it is higher than that.

Is it safe to say we should trade at a minimum of 25% of the discounted after-tax NPV?

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