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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: Option out something

Kalkaroo project:

Using copper at $3.50 US and gold at $1500 US, the Kalkaroo project had a post-tax NPV (7.5%) of around $725M (Australian dollars).

So the deal is $A205M (28% of the after-tax value) and up to $A405M (56% of the after-tax value).

When comparing with VD:

  • At $3.50US, VD has a $780M US after-tax NPV (7.5%).

Therefore, a similar deal would yield $220M US at sale and up to $440M US with options.

VD seems to offer a much higher IRR, but seems a little less advanced.

Anyhow, something like that would be very acceptable for me.  Let's get it done CF!

MoneyK

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