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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: SC Recoveries
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Just for fun, I used the 2013 FS production and converted the numbers using the PFS recoveries.  I also added an extra 2.3% as we are moving from 130K tpd to 133K tpd.  After, I converted everything in CuEq using the 2013 FS metal pricing.  Here are my results.

2013 FS output:

  • Y1-7: 425Mlbs CuEq
  • Y8-21: 333Mlbs CuEq

Possible new output:

  • Y1-7: 452Mlbs CuEq
  • Y8-21: 359Mlbs CuEq

Being very conservative and still assuming a total cost around $2 CAD per pound, that would reflect in cash flow being:

  • Y1-7: 452Mlbs CuEq x ($4.10 CAD - $2.00 CAD) = 949M per year
  • Y8-21: 359Mlbs CuEq x ($4.10 CAD - $2.00 CAD) = 754M per year

IMO.

MoneyK

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