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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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Message: Re: Continental Gold bought up by China's Zijin
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Re: Continental Gold bought up by China's Zijin
4
MoneyK
Dec 02, 2019 02:43PM
Re: Continental Gold bought up by China's Zijin
5
kinte
Dec 02, 2019 02:44PM

They invested around 512M as of today.

So typically, the asset was purchased for around 1x the NPV (5%).

Gold projects are usually aligned with the NPV (5%) and Copper projects NPV (8%).

Most of the deals happening today are close or north of 1x the NPV and this is creating a great benchmark for us.

MoneyK

5 Recommendations
Re: Continental Gold bought up by China's Zijin
4
MoneyK
Dec 03, 2019 03:05PM
Re: Continental Gold bought up by China's Zijin
2
MoneyK
Dec 03, 2019 07:34PM
Re: Continental Gold bought up by China's Zijin
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MoneyK
Dec 03, 2019 07:45PM
Re: Continental Gold bought up by China's Zijin
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ducks
Dec 03, 2019 10:36PM
Re: Continental Gold bought up by China's Zijin
4
MoneyK
Dec 04, 2019 07:13AM
Re: Continental Gold bought up by China's Zijin
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MoneyK
Dec 04, 2019 12:47PM
Re: Continental Gold bought up by China's Zijin
4
uknowzit
Dec 04, 2019 12:56PM
Re: Continental Gold bought up by China's Zijin
7
MoneyK
Dec 04, 2019 01:08PM
Re: Continental Gold bought up by China's Zijin
6
Linsickel
Dec 04, 2019 01:09PM
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