Re: Asset sale in progress?
in response to
by
posted on
Mar 20, 2020 09:13AM
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%)
A NPV is the result of a mathimatical equation involving approximatly 15 multiplication variables. In a mathematical series involving 15 multiplications, you only need to improve (increase) each variable by about 4-5% and you get a NPV result that is way over double the old one. If you increase each variable by closer to 10% you get about 5-6-7 TIMES your previous NPV calc. As an industry expert you would know that, one would think....
QB2 has 4X resources of Schaft Creek? LOL. More slight of hand. Another reckless lie. You will recalll that every bit of UNeconomical inferred resources were used in Teck's report that QB2 had a 16% IRR. If we added our inferred to our IRR it would be 30%!! You never denied this, so how can you now say that QB2 has 4X our resources. Lie after lie after lie with you.