Re: Endgame

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%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

mining_guy123

Rank: Mail Room [?]

Points: 150 [?]

Votes: 40 Score: 2.2 [?]

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: Endgame

in response to

Endgame

THEMILLION

posted on Dec 21, 2012 08:07PM

Regardless of what Schaft Creek is eventually worth I cannot see a take-over in the near term.

Can you actually see Teck pay +$400M for effectively a 25% interest in project with an after-tax NPV of $67M and 8.3% IRR?

Anything Teck pays to acquire Schaft Creek, on top of the +$3B capex, would give the project a negative NPV at an 8% discount.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply