Re: JV Meeting
in response to
by
posted on
Oct 24, 2014 02:55PM
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%)
How many years of the 0.27 dividend? 21 year mine life with 5 year payback (sorry if im wrong, top of my head)? So 0.03/year for 5 years and 0.27/year for 16 years? Ends up 4.47/share over 21 years? Gotta say that is alot, especially without metal increases and so on, which to me are inevitable within the next 21 years.