Re: NEWS!!!
in response to
by
posted on
Apr 08, 2015 01:13PM
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%)
I valued it around $120 million for VD.
10 cents per pound of copper was my metric.
The december 18th one is weird because if it was 10% of $3.00, that's 30 cents a pound and rarely we see those deals at that valuation. Las Bambas was around that price but they were in construction phase already.