Re: SC PFS (2008) vs. FS (2013) and possible FS/PEA (2021)
in response to
by
posted on
Jan 24, 2021 09:13AM
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%)
Here's the last update based on EG's comment. It actually helped the business case.
I also added a seperate column to calculate the potential residual value for the inferred.
Just want to remind everyone that these numbers are for fun only! :)
|
PFS (2008) |
FS (2013) |
FS/PEA (2021) |
FS/PEA (2021) |
Tonnage |
100 000 tpd |
130 000 tpd |
133 000 tpd |
133 000 tpd |
Mine Life |
22.6 years |
21 years |
21 years |
5 years |
|
|
|
|
|
|
P&P (58.9% of M&I) |
P&P (76.5% of M&I) |
P&P (76.5% of M&I) |
Inferred (76.5%) |
Reserves |
821.1 MT |
940.8 MT |
989.1 MT |
242.3 MT |
|
|
|
|
|
Grades |
|
|
|
|
Copper (Cu) |
0.25% |
0.27% |
0.26% |
0.19% |
Gold (Au) |
0.18 g/t |
0.19 g/t |
0.16 g/t |
0.14 g/t |
Silver (Ag) |
1.55 g/t |
1.7 g/t |
1.2 g/t |
1.1 g/t |
Moly (Mo) |
0.019% |
0.018% |
0.017% |
0.019% |
|
|
|
|
|
Recoveries |
|
|
|
|
Copper (Cu) |
88.4% |
86.6% |
88.4% |
88.4% |
Gold (Au) |
81.3% |
73% |
81.3% |
81.3% |
Silver (Ag) |
70.7% |
48.3% |
70.7% |
70.7% |
Moly (Mo) |
71.3% |
58.8% |
71.3% |
71.3% |
|
|
|
|
|
Total production (LOM) |
|
|
|
|
Copper (Cu) |
4.762B lbs |
4.875B lbs |
6.120B lbs |
1.065B lbs |
Gold (Au) |
4,493T oz. |
4,213T oz. |
4,936T oz. |
1,028T oz. |
Silver (Ag) |
32.5M oz. |
25.1M oz. |
31.1M oz. |
6.8M oz. |
Moly (Mo) |
255.2M lbs |
214.9M lbs |
282.2M lbs |
75.1M lbs |
|
|
|
|
|
Annual production (LOM) |
|
|
|
|
Copper (Cu) |
211M lbs |
232M lbs |
291M lbs |
|
Gold (Au) |
199T oz. |
201T oz. |
235T oz. |
|
Silver (Ag) |
1.4M oz. |
1.2M oz. |
1.5M oz. |
|
Moly (Mo) |
11.3M lbs |
10.2M lbs |
13.4M lbs |
|
|
|
|
|
|
Annual production |
|
(Y 1-7) |
(Y 1-7) |
(Y 22-26) |
Copper |
|
261M lbs |
327M lbs |
231 M lbs |
Gold |
|
247T oz. |
289T oz. |
206T oz. |
Silver |
|
1.2M oz. |
1.5M oz. |
1.4M oz. |
Moly |
|
9.8M lbs |
12.9M lbs |
15M lbs |
CuEq |
|
425.1M lbs |
508.9M lbs |
380.9M lbs |
|
|
|
|
|
Annual production |
|
(Y 8-21) |
(Y 8-21) |
|
Copper |
|
204M lbs |
274M lbs |
|
Gold |
94.5 |
164T oz. |
208T oz. |
|
Silver |
7.8 |
1.0M oz. |
1.5M oz. |
|
Moly |
47.6 |
10.2M lbs |
13.7M lbs |
|
CuEq |
|
331.3M lbs |
421.2M lbs |
|
|
|
|
|
|
Total cost per lbs of Cu |
$1.17 CA |
$2.09 CA |
$1.50 CA |
$1.50 CA |
|
|
|
|
|
Price |
|
|
|
|
Copper (lbs) |
$3.12 |
$3.25 |
$3.15 |
$3.15 |
Gold (oz.) |
$692.85 |
$1445 |
$1445 |
$1445 |
Silver (oz.) |
$13.09 |
$27.74 |
$17.50 |
$17.50 |
Moly (lbs) |
$33.00 |
$14.64 |
$10 |
$10 |
Exchange rate |
1 |
0.97 |
0.77 |
0.77 |
|
|
|
|
|
Capex |
2.95B |
3.2B |
2.8B |
|
Construction time (years) |
3 |
5 |
4 |
|
Payback (years) |
4.7 |
6.5 |
2.9 |
|
|
|
|
|
|
Pre-tax NPV (8%) |
2.76B |
513M |
6.5B |
554M |
IMO.
MoneyK