Re: Silver streaming

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: Silver streaming

in response to

Re: Silver streaming

CuuVenturer

posted on Dec 12, 2020 12:16PM

Considering that this move will save Capstone 15M of interest per year, only that makes it a pretty good move.

It's also a first step that should allow them to keep a 50% ownership in their Santo Domingo at no cost by streaming gold with the same partner.

On top of that, they will be debt free and will be able to use the additional cash flow to create more shareholder value via high IRR projects.

You need to consider the big picture and value of money in time. Unless Teck has more cash on hand, they would not be able to finance 100% of Schaft Creek by themselves. Bankers will never take all the risk.