Re: SP Premiums
in response to
by
posted on
Feb 07, 2013 05:36PM
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%)
Hey Calvin, I agree with most of what you say, but isn't it just $2 billion? If Teck buys our 100% interest they don't have to pay the $300 mill expenditures as a separate item. That 300 just becomes part of their capex charges already accounted for in the FS numbers. Or do I have that wrong? If I'm right, they get the whole enchilada for $2 billion.