Re: Continental Gold bought up by China's Zijin

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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MoneyK

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Re: Continental Gold bought up by China's Zijin

posted on Dec 04, 2019 12:47PM

I never really paid attention to the "real options case" until now, but it's quite interesting.

They ran over 100 000 Monte Carlo simulations with fluctuating metal & exchange price and got a most probable NPV (8%) result close to 1.4B.

With today's parameters, my calculation for the base case is around 1.1B without any improvements.