Re: Raymond James on Teck

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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Chappy726

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Re: Raymond James on Teck

in response to

Raymond James on Teck

BurningRoF

posted on Jun 10, 2013 10:46AM

2 cents per pound of CU eh? That valuation for Tecks' copper projects is not great. That would put CUU's PP of 940.8Mt @0.427% CuEq worth about $177M (about 41 cents/share FD). Even if we add the rest of the deposit we don't look terribly great using 2 cents and 430M shares FD.

The one shining light from that article is that our $3.7B Capex is a lot more digestible than "start-up CapEx of $6.2 bln for QB2, $4.6 bln for Relincho, and $5.7 bln for Galore Creek ($2.8 bln, or 50% of total, on attributable basis"