Re: Partner probably funding the whole thing?
in response to
by
posted on
Jan 03, 2013 03:04PM
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%)
Exactly. That's why they will be paying for the potential, which I'm guessing is already partially supported by the mapping Teck will have seen
I agree 100%. We already have enough material here for a 50yr mine and potential for over 100yrs. Also, many experts, including CEOs of Major mining companies are predicting gold to exceed $5000/oz and silver to go over $100/oz in the next few years because of the ongoing currency devaluations. Plug those numbers into our BFS and what kind of NPV will we get? Buying this asset is not about today but about tomorrow. If Teck doesn't pony up at least $5/sh for it imo, then we are giving it away for way to cheap.