Re: QB2 Slow Motion Disaster
in response to
by
posted on
Oct 24, 2023 04:05PM
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%)
Total around 4-5 billion for one of the biggest mineral projects in the world....safe mining area in a tier 1 jurisdiction in Canada.
hundreds of years of mining here (SC1/2/3/4) with pro-mining native group supporting SC production. New Npv and Teck carried to production at no cost to the 25% partner to build (saving capex costs!)
So our 25% should be about 1.0 to 1.3 billion....using today's metal pricing! Think about SC at $6-10 copper, gold over 5k, silver over $60, moly over $80. Teck getting a steal at this evaluation!