In the coming months, I think we will learn a lot more from SC and my guess is that the real information will come from Teck.
They already posted a LOM C1 cost around $0.40 US below our conservative PEA C1 cash cost. Thats another 100M US per year of free cash flow right there.
This combined with a more aggresive construction timelline would make wonders to the NPV and increase the after-tax IRR in the acceptable 15%+ range.
Metallurgical work is the last piece of the puzzle and Teck is working on it.
After, I think they will share more on the project.
Perfect timing for whatever is cooking in their kitchen!
Will SC still be owned 25% by CF at that point?
IMO.
MoneyK