Re: Elmer Stewart 2021 interview
in response to
by
posted on
Mar 07, 2021 03:49PM
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%)
That's unfortunate as I think many would be interested in opening that can of worms. How much comparable development projects go for on the open market and how much Teck actually pays for things at different development stages is of the utmost importance especially at this stage of the game. I wouldn't put too much weight in the veiled insults that people who disagree with you are hurling, I would assume most astute investors have them on ignore anyways (although it's unfortunate the people who have any power to eliminate this behavior completely won't do anything about it other than the repetitive verbal reprimands with no further action)
In any case the CuEq take out premiums are certainly interesting and I'm curious where CUU's assets would fall in that chart. However what are the CuEq calculations in slide 6 are based on (are these only measured and indicated resources or is the inferred category included too)? VD is only PEA (inferred/indicated) level so I can't see it getting as much as a measured/indicated FS stage project such as Schaft Creek or QB2 on a CuEq basis and that doesn't even include the surface access issues. Grade is also of importance as I'm sure higher grade pay dirt/deposits would command a premium over lower grade porphories like Schaft. That's great info though, I know myself and others definitely appreciate the more in depth analysis outside of all the pumping noise so feel free to elaborate even if it is through PM instead of public post. However I can understand why you would not want to share your opinions considering how they're received.
Cheers.