Just for fun I looked at copper mtn's 2008 FS and put together some comparables. Due to my inexperience there are probably a whole bunch of good reasons why this is not a good idea but thought I would give it a try :-)
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Schaft Creek is bigger and more expensive to run but with the amount of metal it seems to balance out, especially considering there is more to this than Schaft Creek.Talked myself into buying more.
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Copper mtn is trading at $4. I think we are worth more due to the "pounds in the ground"…
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Copper Mtn ---------------------------------------------Copper Fox (Schaft Creek only)
Life of Mine: 15 years------------------------ 21 years
Pay back: 2.8 years -------------------------6.8 Years
35,000 tpd -----------------------------------130,000 tpd
Copper: 1.1 Billion @ 0.39% ---------------4.88 Billion Tonnes @ 0.27%
Gold:339,000 oz ----------------------------4.21 Million oz
Silver:1.5 Million oz ---------------------------25 Million oz
Moly : 0 ---------------------------------------214 Million Pounds
Base Case NPV @8%: 183 Million -----------514 Million
Cost per tonne $7.31 ------------------------$13.33
