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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: Re: Quellaveco vs Schaft Creek
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I see what you mean but he ended up with a valuation encompassing all metals using a reasonable price per lb of CU equivalent. It is a pretty good approach imo.

The last approach I used was to value just the gold (our 25%) based on a recent deal and got a result of $0.99/sh for just the gold in the 2012 RE. Someone noted that gold represented 24% of the BFS revenue stream so another round-about way to value all the metals would be this math: $0.99 / .24 = $4.12 This may be a "rougher" valuation method though than that used by clavin today.

Here are some more confusing math to think about.

Since gold is "24%" of the BFS stream. We will look at copper / silver / moly only then.

20 billion copper equiv x 75% (rounding up to make it easy.) = 15 billion cu.eq.

CUU owns 3.75 billion pounds of cu. eq. x 30 cents a pound.

$1.125 billion or $2.71 + Golf's gold value of 81 or 88 cents a share.

$3.52 per share.


Pretty close to my valuation earlier.

Like i said before. All these other deals requires acquirer to pay for construction later on.

Teck is arranging that for us.

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