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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: Copper up huge!

Galore and SC would mostly only share a portion of the access road.

  • Galore: 230ktpa, C1 cost between $0.65 & $0.75, capex 5.2B???
  • SC: 161ktpa, C1 cost between $0.60 & $0.70, capex 2.65B

If they can't improve capex at Galore, it would need more output to compare with SC in terms of profitability and don't forget that they only own 50% of that project vs. possibly owning 100% of SC.

Also, if they can bring Galore to production before 2028, I see no reason why they could not do the same with SC.  Both are now at PFS level. 

SC is less risk in my opinion.  From what I heard, no avalanches to deal with compared to Galore.

IMO.

MoneyK

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