When looking at Teck's latest TD presentation:
Zafranal (80%):
- What happens to the EBITDA after 7-8 years? Seems to drop 50% compared to the First 5 Full years.
- That would leave Teck with: 0.6M x 50% x 80% = 0.24M EBITDA per year
Not much left after taxes? Is it worth the effort???
San Nicolas (100%):
- EBITDA seems more stable, but at the end it's around 0.5M per year for maybe 13 years?
To small of a project for Teck? Is it worth the effort???
Schaft Creek (75% to 100%):
-
LOM EBITDA (100%) above 0.5M US (based on a very conservative PEA)
-
Mine life above 21 years (again very conservative)
- Great tax credits in Canada, leaving more true profit at the end!
If your Teck, where do you want to allocate your limited ressources???
IMO.
MoneyK