Re: Asset sale in progress?
in response to
by
posted on
Mar 22, 2020 06:28PM
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%)
I wonder how much value Sumitomo would put on our 25%.
For QB2, they will need to pay a "Contingent contribution of 12% of the incremental NPV of a major expansion project (“QB3”) upon approval of construction, subject to adjustment".
That's something they would not pay with our arrangement and they would also have access to all the future phase's of the district.
MoneyK