Re: TIME FOR A NEW STRATEGY
in response to
by
posted on
Feb 06, 2020 01:16PM
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%)
Since many here need real hard facts to understand, let's compare with QB2.
Teck sold 30% of QB2 for 1.2B + 12% of increased NPV for QB3.
The NPV(8%) for that projet with copper at $3.25US is about 3.2B. So typically, if we compare apples with apples, Teck was able to sell 30% for 1.25x NPV(8%).
You guys really think we can do any better?
I'll be glad to get 1$-1.50$ immediately for Schaft Creek 1 and get additional royalities or dollars later for any NPV incremental.
MoneyK