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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: Nova
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Oct 12, 2012 12:53AM

If you look up the numbers of M, I and I on top of the Agoracom page or the CUU RE overview on the website, and compare with the numbers from goldminerpulse, why 10.6 M oz of Gold vs. 14.72? The moly number is different why? I'm not really too worried about it ... just don't see a rationale for some of the goldminerpulse numbers. Plus, I lean towards an NPV evaluation method extrapolated from the 2008 PFS (fuzzy extrapolated numbers, to be sure).

Metal Summary Based on Closing Prices on 2012-10-11

Metric / Metal Gold Silver Copper Molybdenum

Total Counts (reserves + resources) 14.72 M oz 98.43 M oz 4.51 M t 444.32 K t

On another note, really looking forward to the economic sensitivity analysis to shed some light on how CUU is going to value the deposit. Price fluctuations and 3 yr trailing averages can really affect the NPV outcome. Add 10billion pounds copper x $.25 extra to our cash flow. Even with a discount over years, that is a big chunk of change. Ironically the longer we wait, the more our value increases based on the 3 year prices. I'd like to see us using at least $3.25/lb for Cu but not sure if that will happen (yes, gold and silver are up, and they should offset moly's horrid decline, albeit temporary I think). So happy waiting - it sucks but maybe it means another dime a share.


Oct 15, 2012 12:14AM
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