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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: C1 cash cost

Teck reported $0.60 US to $0.70 US on average, but normally, they should achieve a much lower number in the initial years.

Example:

  • $0.40 US years 1-7
  • $0.75 US years 8+ 

Add another $0.50 US to $0.75 US and you get a total cost around $1.00 US for the payback years!

That's $3.50 US of profit per pound these days or 1.4B US per year....

SC could be paid in less than 2 years...

IMO.

MoneyK

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