Re: IRR 10.13% and a payback period of 6.5 years
in response to
by
posted on
Dec 21, 2012 03:44PM
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%)
I'm disappointed, but that's off a quick glance at the numbers. The 2008 PFS numbers weren't beat ... sigh. What happened to the 180,000 and 200,00 tpd Elmer mentioned to numbers of us? It looks like the market pegged us about right, but it's still early to see what will happen.
CanadaGrant - you were right. More drilling :)