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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: Re: Eaglehead
11
Mar 02, 2022 11:16AM

I'm thinking RE + PEA and after, if the results are good, you sell it to Teck and/or Newmont for the pounds in the ground (e.g. $500M) + a royalty.

Bringing this to FS level will take years and a lot more cash, possibly another $100M?

I personally would prefer to have another $0.50 to $1.00 in the next years vs. $2-$3 in 15 years.

MoneyK

7
Mar 02, 2022 03:55PM
2
Mar 02, 2022 04:07PM
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