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%)

Free
Message: Re: Gold streaming
4
Dec 12, 2020 12:07PM
2
Dec 13, 2020 09:08AM
9
Dec 13, 2020 11:53AM
3
Dec 13, 2020 01:43PM
4
Dec 13, 2020 01:46PM
3
Dec 13, 2020 01:50PM
4
Dec 13, 2020 03:04PM
2
Dec 13, 2020 03:10PM
3
Dec 13, 2020 03:14PM
4
Dec 13, 2020 03:28PM

MoneyK,

CUUVenturer slammed the door shut on the idea of streaming to finance the build.  At the interest rate that Teck can borrow at the financing cost will be one 20th of $2 Billion given away to a streamer.  And you should know that Teck has a $3 Billion undrawn line of credit.  And lots of free cash flow now.  So Teck doesn't even need to turn to anyone else to qualify for and arrange financing.

And oh, streaming silver?  How does that happen?  Everyone is forgetting that there will be no silver under Teck's mine plan.  100 million ounces MI&I, i.e. $2.4 Billion is not worth going after with a minor tweek to infrastructure, I guess.  I say its short sighted to abandon silver extraction but what do I know.  Maybe they can add it back once we're out of the picture...But anyway, you'll just have to forget about the silver.  Frankly it was only 3-4% of NPV, so who knows maybe NPV even improved from removing the cost of the silver extraction technology.  For now anyways...Silver, RIP...

7
Dec 14, 2020 12:10PM
3
Dec 14, 2020 02:21PM
4
Dec 14, 2020 02:50PM
2
Dec 14, 2020 03:08PM
3
Dec 14, 2020 04:22PM
Share
New Message
Please login to post a reply