At 8%.
For the Cash Flow Series
Present Value = $536.18
Cash Flow Stream Detail
| Period |
Cash Flow |
Present Value |
| 1 |
20.00 |
18.52 |
| 2 |
0.00 |
0.00 |
| 3 |
0.00 |
0.00 |
| 4 |
0.00 |
0.00 |
| 5 |
20.00 |
13.61 |
| 6 |
15.00 |
9.45 |
| 7 |
15.00 |
8.75 |
| 8 |
15.00 |
8.10 |
| 9 |
15.00 |
7.50 |
| 10 |
15.00 |
6.95 |
| 11 |
113.00 |
48.46 |
| 12 |
113.00 |
44.87 |
| 13 |
113.00 |
41.55 |
| 14 |
113.00 |
38.47 |
| 15 |
113.00 |
35.62 |
| 16 |
113.00 |
32.98 |
| 17 |
113.00 |
30.54 |
| 18 |
113.00 |
28.28 |
| 19 |
113.00 |
26.18 |
| 20 |
113.00 |
24.24 |
| 21 |
113.00 |
22.45 |
| 22 |
113.00 |
20.79 |
| 23 |
113.00 |
19.25 |
| 24 |
113.00 |
17.82 |
| 25 |
113.00 |
16.50 |
| 26 |
113.00 |
15.28 |
| |
Total: |
536.18 |
At 5%
For the Cash Flow Series
Present Value = $837.44
Cash Flow Stream Detail
| Period |
Cash Flow |
Present Value |
| 1 |
20.00 |
19.05 |
| 2 |
0.00 |
0.00 |
| 3 |
0.00 |
0.00 |
| 4 |
0.00 |
0.00 |
| 5 |
20.00 |
15.67 |
| 6 |
15.00 |
11.19 |
| 7 |
15.00 |
10.66 |
| 8 |
15.00 |
10.15 |
| 9 |
15.00 |
9.67 |
| 10 |
15.00 |
9.21 |
| 11 |
113.00 |
66.07 |
| 12 |
113.00 |
62.92 |
| 13 |
113.00 |
59.93 |
| 14 |
113.00 |
57.07 |
| 15 |
113.00 |
54.35 |
| 16 |
113.00 |
51.77 |
| 17 |
113.00 |
49.30 |
| 18 |
113.00 |
46.95 |
| 19 |
113.00 |
44.72 |
| 20 |
113.00 |
42.59 |
| 21 |
113.00 |
40.56 |
| 22 |
113.00 |
38.63 |
| 23 |
113.00 |
36.79 |
| 24 |
113.00 |
35.04 |
| 25 |
113.00 |
33.37 |
| 26 |
113.00 |
31.78 |
| |
Total: |
837.44 |
I included the $20 million payments on production decision and production completion.
If we are looking at art of equity building, not exactly 98 million I say.
Capex is $3.2 billion. or $800 million is CUU share of bringing to the table. But from the JV, Teck will be arranging that for us and have the mine pay for it over the years.
That's the trouble I have in valuating our interest in the JV. How do you value $800 million of financing done on behalf of us by Teck?
