Re: Calm
posted on
Mar 19, 2021 02:09PM
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%)
The Van Dyke property will most likely be sold to one of the area operators. There are significant optimizations on capital costs if another company, like BHP or Freeport, already has a SX/EW plant. The cap cost savings on that alone is almost 25%, which has a big impact on the IRR sensitivity. Another reason is the small size(1.1 billion lbs recoverable) compared to the adjacent operations. That would fit best as an addition to an existing operation. Now some of those companies are heavyweights so they might be interested in SC as well. The only way to find out is to talk to them.