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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%)

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My question(s) are:

1. Are the current prices for all Schaft metals suitable for EE's desired ROI? If not, what prices?

2. Does the increase in Gold price offset the decrease in Copper as it relates to Schaft value?

3. Would a major looking for a Jr. Gold play consider Schaft? Is there enough Gold at Schaft?

Numbers below courtesy of MoneyK :)

Copper is 62%, Gold is 25%, Moly 14% and Silver 2% of the revenues.

If Copper heads back to 2$, this would reduce NPV (8%) approx by 1.9B.

If Gold hits 2000$ US, this would increase NPV (8%) approx by 950B.

If exchange rate is 0.80, this would increase NPV (8%) by 1.35B

Therefore, general NPV (8%) would still be favorable.

 

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