Re: Quellaveco vs Schaft Creek

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Reply New Message

Prev Message Back To Forum Threaded View Next Message

calvin123456789

Rank: Treasurer [?]

Points: 4696 [?]

Votes: 105 Score: 2.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Quellaveco vs Schaft Creek

posted on Jun 05, 2014 07:40PM

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.