Re: Quellaveco vs Schaft Creek
in response to
by
posted on
Jun 05, 2014 03:14PM
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%)
If 30 cents was used to value SC 5 billion pounds of copper equiv, we would be at $1.5 billion or $3.62 a share. Guess what! that's all you have to pay! Teck will arrange financing so don't worry about putting money for capex!
I think you need to take that 3.62 and multiply by 1/4 still.