This term is being used by management and posters here when we refer to the value of CUU's 25% of SC, or any other their other properties.

So, what is it?

For SC, I'm thinking CUU is arriving at a fair value based on the enhancements recommended from the 2021 PEA. These have mostly been carried out by Teck and we are (still) awaiting the data. Once this is in hand a revised PEA could be done, or the values redone using the new information and revised metal prices FOREX, CAPEX, etc.

I think the addition of these elements adds value to SC and how the calculations are to be done (as in the 2021 PEA) makes the value "fair". So, if the after tax discounted (8%) NPV of SC increases from $841M to $2.0B, 25% of that is CUU's share. What would then be negotiated is what is that 25% worth to an interested party? What would they be willing to pay?

We've heard estimates of CUU's 25% from posters here in the past, ranging from MoneyK (~$800M) to $1.2B (Golfyeti). Teck is not publically stating its current long term copper price but Elmer has indicated $3.75 to be "fair".

There are other factors to consider: carried to production, district potential and milestone payments.

Given the above, where does that currently place the worth of CUU's 25%?

MoneyK, Golfyeti, others: have your estimates changed at all?

K