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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: Updated Capital Costs

Rabid, your estimates lend itself to the model I used below. I conservativley used $5B for CAPEX and $15/tonne for OPEX. Came up just under $6/share.

So using your CAPEX and including silver and expanded resources I would think that the mine would be valuated somewhere in the $10 plus range or more. Not including new zones of exploration interest.

Current world affairs, metals prices and Enchavaria hold the hammer.

Enchavaria owns the majority and I would venture a guess that he is averaged in somewhere around $0.20. So I would imagine that if he for some reason wants to take a lowball offer he could still make a 10 bagger at $2.00. Scarry thought but a possibility none the less.

All JMO.

Have a great day all!

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