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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: Fair value - What is it?
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according to PEA, our 25% share was $210,500,000.00. A copperprice of $3.75 is now being calculated. This provides our 25% with a capital gain of $180,000,000.00. So total $400,000,000.00. In addition, a gold price of $1500.00 oz, a moly price of $10lb and a silver price of $20oz were calculated. Do not have the quantities and costs of gold, moly and silver ready. The added value of moly will be especially large at the current moly prices. In addition, the results of the met-analysis have not yet been included. My expectation is that we'll be in the range of $1.50 to $2.00 for our share of SC.

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May 03, 2023 04:31AM
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