Re: Las Bambas Project
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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%)
Message: Re: Las Bambas Project
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Here are a few more numbers for a comparison between the projects:
| Las Bambas | Schaft Creek | |
| Production Date | 2015 | 2021 |
| Capital Cost | $5.9B | $3.3B |
| Capital Intensity | $13,000 / t | $24,400 / t |
| Mine Life | 18 years | 22 years |
| Copper Reserves | 17.7 B lbs | 7.1B lbs |
| Copper Resource | 15.9 B lbs | 4.9B lbs |
| Elevation | 3700m | 900m |
No, you can't count the value of the copper AND the value of the other metals. The other metals are what is keeping the operating costs at Schaft Creek in line with other projects. You can't count them as extra.
The only correction that I would make to the numbers is that $3.3B has been spent already at Las Bambas so a $6B buyout is essentially a $2.7B buyout.
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