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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: SC analysis based on NPV
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Just for fun, let's say we wait another 2 years for the LT copper to maybe reach $4.50 US.

$64M x (($4.50 - $3.50/$0.25)) = $256M US, increase value for our 25%

$2.65B x 1.05% x 1.05% = 2.92B - $2.65B = $271M x 25% = $68M, decrease value for our 25%

In this case, our net gain would be $188M US for two more years of waiting, which is a little less than 15% year over year.

I would prefer to buy fortune 500 companies for that 15% target instead!

IMO.

MoneyK

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