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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: Teck Rumour- project sale potential

Zafranal:

Potential buy-in + capex = 1.9B CAD

Free cash flow during mine life = 2.0B CAD

Average Annual free cash flow = 105M CAD

 

Schaft Creek (25%): Without any improvements

Potential buy-in + capex = 800M + 800M = 1.6B CAD

Free cash flow during mine life = 2.75B CAD

Average Annual free cash flow = 131M CAD

 

If my numbers are correct, 25% of Schaft Creek is expected to generate more FCF with less investment and I'm only considering the 2013 numbers with an exchange rate of 0.80 - no further improvements.

If they get 500US for that... I can't wait for our turn.

MoneyK

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