Interesting that Schaft Creek doesn't seem to be mentioned in the other presentations (like Copper or Major Projects). It will also be very interesting to see how Schaft Creek gets valued according to Teck's own numbers, not just Wardrop's. Here's a little chart on QB2 from the Major Projects presentation ... conservative, cover your butt, type of numbers, which is Teck's fiscal responsibility to think through for downturns in the price cycle. I wonder if Schaft Creek with the new mine plan has QB2 beat though ... I think it well could, but it will be very informative to see how we compare.
QB2 - 135k tpd copper concentrator, 200k tpa copper, 250k tpa for the first five years, $5.6 capex that could go up.
|
Copper Price (US $/lb)
|
2.50
|
2.75
|
3.00
|
3.25
|
|
NPV (US $ x 1,000,000)
|
136
|
848
|
1,557
|
2,266
|
|
IRR (%)
|
8.3
|
10.0
|
11.6
|
13.0
|
|
Annual Free Cash Flow (Yr 1-5, US$1,000,000)
|
751
|
847
|
944
|
1,041
|
|
Pay Back Period (years)
|
8.1
|
7.0
|
6.4
|
5.8
|
|
LOM/Pay Back Ratio
|
4.8
|
5.5
|
6.1
|
6.7
|
