Re: NEWS!!!
posted on
Apr 08, 2015 11:29AM
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%)
...We could get up towards 200million for Vandyke which could result in another dividend this year for all of us.
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I also see the PEA commencement as very positive. Hopefully this makes some positive moves on our SP.
DP, would you mind sharing how you arrived at your $200 million buyout value?
With the PEA, we still only have inferred resources. I think very saleable asset, but some explaination on how we get to 200 million would be helpful...
If Elmer could buy the asset for a million and change, confirm the historical inferred, and complete a PEA for a total project cost of only roughly 8 million - then sell it for 200 million that would be an amazing accomplishment!
I do think there could be valuations in that range, but I think we would need more ducks in a row first?