What would SP be when Teck makes the decision to bring this mine into production?
What would SP be knowing Teck will arrange financing for CUU?
Fine....assume CUU is earning a gross profit of .24 per share. What is net income? Say 20 cents?
So...Capex is $3.5 billion, CUU will be "responsible" (even though Teck is financing it for us) for $875 million. With our share of the profits, it'll probably take us 9 years to pay it all back. (So your 2029 doesn't make sense if you consider us "producing right now")
Then letsa ssume that 20 cents is paid out annually as a dividend. If a stock yields 5%, how much is stock price be if the 5% yield is 20 cents? $4?
Keep in mind that 24 cents is based on the numbers from the FS. Metal prices can change, production can change, investment landscape can change....