Re: Cambridge Weekend - Questions CBEW - explorationguy
in response to
by
posted on
Jan 20, 2013 09:07AM
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%)
To my $2.89 (Quellaveco cpmparative) you must then add...:
* 22 cents just for 1/4 of the expenditures Teck would have to pay (90 million). 90 million brings you a long way and we would use 10 million to drill the inferred (unlocking an 5 year mine life and 4-5 Billion). This still leaves us with $80 million....
* + the value that the entire $360 million would unlock on our portion
* Being financialy carried to production
* We're in Canada not Peru. We get a big bonus for that.
* We secure the Port and Power, 1st nation and Gov support.
* We have the Liard shares...
* Our exploartion potential is massive (1/2 of the Paramount - Liard zone, Depth & the Discovery zone)
* And shortly after the BFS is handed to Teck...as stated in the new Presentation...EA is underway and road access permitting (HUGE +).
Like I said, Schaft Creek is Not Quellaveco...And for these reasons you can all hope for something above $2.89.