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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: Lumina Gold Corp
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Hello Sibiu,

The new prices are increasing their revenues slightly, but the major change is coming from the longer mine life. 

For Schaft Creek, I don't think they are looking to increase the mine life at this point, but I'm still expecting a major change in value.

On a side note, for projects with a mine life under 20 years, increasing that number does impact the NPV drastically and I think something similar could happen with Van Dyke.

MoneyK

4 Recommendations
Re: Lumina Gold Corp
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youngmoney
Jun 09, 2020 12:11PM
Re: Lumina Gold Corp
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MoneyK
Jun 09, 2020 12:15PM
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