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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: 2019 SC Report - Potential outcome
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2019 SC Report - Potential outcome
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MoneyK
Sep 28, 2020 09:54AM
Re: 2019 SC Report - Potential outcome
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youngmoney
Sep 28, 2020 10:44AM
Re: 2019 SC Report - Potential outcome
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MoneyK
Sep 28, 2020 12:16PM
Re: 2019 SC Report - Potential outcome
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youngmoney
Sep 28, 2020 02:25PM

Here's another way to look at it.

With copper around $3.15 and based on my calculations:

  • QB2 Y1-5 should generate around $1B US of NCF and around 850M US of NCF afterward.
  • SC Y1-7 could generate around $1.06B US of NCF and around 760M US of NCF afterward.

Pretty close stream of cash flows!

With copper around $3.15, I estimate QB2 has a sanction case NPV (8%) value close to 2.9B US.  Our Capex is easily 2B US below there's, therefore we can add this directly to the NPV.

2.9B US + 2.2B US = 5.1B US x 1.3 (exchange rate) = NPV (8%) close to 6.6B CAD.

IMO.

MoneyK

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Re: 2019 SC Report - Potential outcome
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MoneyK
Sep 28, 2020 03:04PM
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