Re: My ROFO proposition

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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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MoneyK

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Re: My ROFO proposition

in response to

Re: My ROFO proposition

golfyeti

posted on Feb 01, 2022 02:33PM

The way I see it:

Teck is responsable for 2/3 of the cost and Sumitomo 1/3. ENAMI has a non-funding interest.

In terms of sharing the profit, I believe at the end it comes down to 60% for Teck, 30% Sumitomo & 10% ENAMI.

If you make $100 of profit, give ENAMI their 10%, it leaves $90 to split 2/3 and 1/3.