Re: New video- fair value $2 with outdated economics
in response to
by
posted on
Aug 19, 2024 01:38PM
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%)
In my humble opinion .$50 might be too high for VD. It needs a lot of work and there's no way CF will spend that kind of money on it when there's greater potential for EH and MM. they are a lot further behind VD but good drilling results could add more value than spending millions on VD just to get it to the pea stage.
I've always thought SC was in the $1.5-75 range. I would be happy to get $1.4 with a haircut on the sale price to further the other projects for a year or two and get them up to at least $1 in total for a complete sale.