Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: TCRC
Reply New Message
Prev Message Back To Forum Threaded View Next Message

I don't think you can compare it like that.

The 13.5% was probably sold based on the 2016 FS.  Per my calculation, it was around 100% of the after-tax NAV (8%).  I don't think that minority interest had a carried-interest to production, so they probably would have needed to come up with over $600M US to finance their share of the project.

Sumitomo did pay more, above 100% of the revised after-NAV (8%), but it did come with a certain carried-interest to production.

MoneyK

4 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply