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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: P2 Gold
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Thanks Sibiu,

Was thinking about this over the weekend that the LT pricing for copper must be nearing $4 and there you have posted it. Thanks for confirming this!

As most of us know, the 2021 PEA utilized a base case of $3.25/lb, with each $0.25/lb increase adding $240M to the after tax NPV. So, for copper ALONE, increasing the LT pricing to $4/lb adds $240M x 3 = $720M.

For fun I looked at VD. Base case there utilized $3.15/lb, so assuming an updated LT price there of $3.90/lb adds 3 x $90M =$180M to the after tax NPV, taking it from $650M to $830M. Wow.

Copper crossed $4.62 this morning...

 

K

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