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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: Q3 Teck results
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Oct 24, 2019 10:13AM
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Oct 24, 2019 10:20AM
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Oct 24, 2019 11:02AM
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Oct 24, 2019 12:12PM
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Oct 24, 2019 12:27PM
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Oct 24, 2019 01:29PM
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Oct 24, 2019 01:37PM
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Oct 24, 2019 01:52PM

If I understand the JV, Teck would need to fund our portion of the capital cost.

Let's assume Schaft Creek will generates 900M FCF per year, this means 225M per year.

Therefore, one would be willing to pay 675M to double their money in 6 years (12% IRR) with zero involvement.

And that's only based on 50% of the ressource available...

MoneyK

 

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Oct 25, 2019 12:03AM
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