Re: Cambridge Weekend - Questions CBEW - explorationguy
in response to
by
posted on
Jan 20, 2013 07:47AM
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%)
18% of Quellaveco got them 900 million.
The same ratio for 23.75% (if Teck takes 75%) = 1.1875 Billion = CUU $2.89 a share
Even if you use the same 900 million = $2.43
This is the bare minimum....BUT...Quellaveco insn't Schaft Creek.....