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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: 2013 FS
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Feb 24, 2020 01:19PM
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Feb 24, 2020 02:57PM
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Feb 24, 2020 03:24PM
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Feb 24, 2020 03:53PM
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Feb 24, 2020 04:03PM

Feb 24, 2020 04:25PM

Do you have a source for the " increased dramatically" comment or is it conjecture on your part? The only numbers that matter to Teck are shown in the table below. We will get an update this week when the latest AIF is released but no changes are expected as they haven't changed much in years. They use conservative numbers because of the risks involved. The exchange rate has improved a lot but the metal prices used by Teck are still less the 2013 FS numbers.

 

Source

CUU 2013 FS

QB2 sanction

Teck AIF

End 2018

CUU NOV 2019 presentation

DELTA

2013-2019

Exchange Rate

0.97

NA

0.83

?

+ 14%

Copper US$/lb

3.25

3.00

3.00

3.00

- 8%

Gold US$/oz

1445

NA

1250

1250

-13%

Moly US$/lb

14.64

10

9.40

9.40

-36%

NPV %

8

8

8

?

 
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Feb 25, 2020 08:24AM
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Feb 25, 2020 12:48PM
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Feb 25, 2020 01:48PM
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