Re: JV Meeting
in response to
by
posted on
Oct 24, 2014 03:12PM
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 why in the NR, they are trying to reduce capex and reduce the timeline to get it into construction.
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.
I think it's for the next 16 years, but I remember seeing somewhere that there will be one or two years where we won't get a distribution of funds due to something???
Either way, I think I did a cash flow discount a few months ago, and at 5 and 8 percent interest rate, our worth is close to $800 million.
That's why I'm kinda disappointed we didn't get any numbers from the study, it would be nice to know how much value can be added to SC.