Re: M&A in industry- Cardinal Resources

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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MoneyK

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Re: M&A in industry- Cardinal Resources

in response to

Re: M&A in industry- Cardinal Resources

MoneyK

posted on Jun 18, 2020 10:37PM

IMO,

Teck will bring Schaft Creek to production for peanuts. Their revamped QB2 numbers looked impressive, but I believe that Schaft Creek will be even better.

I also believe that Teck could bring Schaft Creek to production for free while keeping over 70% ownership.

If that's the case, Teck will have no choice to move forward with Schaft Creek, because in terms of IRR, I highly doubt they will have better projects in their pipeline.