Re: JV Meeting
in response to
by
posted on
Oct 24, 2014 02:56PM
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%)
That's right.
If you bought $100K worth of stock today, then waited until after the payback period, you would get approximately $100K of cold hard cash each year for the rest of your life (or at least a lot of years.)
These are rough numbers, because at today's stock price you would actually get more money later if you put $100K in today.
All we need is for Teck to put this into production.