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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: Top 60 copper plays

Sep 12, 2012 01:55AM
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Sep 12, 2012 11:51AM
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Sep 12, 2012 12:01PM

I'm surprised there has not been more discussion about this. Apparently it's a list compiled by Goldman Sachs of the world's 60 largest copper projects (undeveloped I think). It's a fascinating list. Here's the link again:

http://www.incakolanews.blogspot.ca/2012/09/sixty-of-worlds-biggest-copper-projects.html

It shows us a number of interesting things:

- Nearly all these projects are held by the major mining companies

- There are many other projects much larger than ourselves

- Teck's two other projects both have negative NPVs and look much worse than us

- Goldmans Sach's estimate for our Capex is $3.4B (likely a very rough estimate)

- Our cash costs are second best on this list at $1.03/lb

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Sep 12, 2012 10:26PM
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