Re: TIME FOR A NEW STRATEGY
posted on
Feb 06, 2020 11:29AM
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%)
Golf, I'm not using 2012 numbers. 500M per year was just an example to show that long term, you can have a 100 year project, it won't affect todays value.
I think Schaft Creek will generate at least 800M per year, but that still leaves us with possibly 200M per year and a SP anywhere between 2$-4$ in maybe 10 years.
MoneyK