Re: Hard BFS copy to Teck.
in response to
by
posted on
Dec 06, 2012 03:53PM
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%)
OK, I take your point
But to me the problem is more along the lines of not being able to ever evaluate what the value is
All you will ever have is a snapshot of a point in time, which will be a valuation case built on assumptions based on exploration results, metals values and estimated CAPEX
The actual market value will always be precise though
It is what a buyer will pay and a seller will accept