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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: End of October

So assuming the SCJV owns 85.5% of the 30% net proceeds,  that means the SCJV has 25.7% of that 30%, leaving 4.3% for the others.

Since we have 25% of that 25.7%, that would leave us with 6.41% of the net proceeds?

If that's correct, it's a pretty solid royalty!

MoneyK

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