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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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Newcrest purchased 70% of Red Chris for $804M US.

How much net cash flow is Red Chris producing with copper at $3.15 US?  About 100M CAD per year?

That would make it's NPV (8%) very low, almost worthless.  So Newcrest purchased 70% of Red Chris for the ressource and will need to rebuild it differently to extract the value, meaning more work & capex required, a lot more!

This cannot be compared with our SC (25%).

IMO.

MoneyK

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