Re: Asset sale in progress?
in response to
by
posted on
Mar 20, 2020 09:38AM
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%)
It's my understanding that NPV is based on a series of future cash flow minus the initial investment.
In order to get a 8B valution (100%), the free cashflow would need to be north of 1B per year.
For the ressource, I did not say QB2 had 4x our ressource. I'm saying that they used 25% of the ressource to build the FS and Schaft Creek is using 50% of the ressource. It was just to highlight that both projects have decades of mining in front of them and that it did not impact the price tag that much.
MoneyK