number questions
posted on
Dec 16, 2014 05:09PM
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%)
7.1 BILLION POUNDS COPPER, 455.3 MILLION POUNDS MOLYBDENUM, 7.3 MILLION OUNCES GOLD AND 66.7 MILLION OUNCES OF SILVER AND AN INFERRED RESOURCE OF 2.9 BILLION POUNDS OF COPPER, 206.2 MILLION POUNDS OF MOLYBDENUM, 3.3 MILLION OUNCES OF GOLD AND 31.6 MILLION OUNCES OF SILVER
Golf, I did just that and works out to $2.13 per share (without the inferred) or $2.85 with the inferred included.Just for another scenario that may or may not take shape in the next couple of years.
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"Proven and Probable Reserve of 940.8 million tonnes grading 0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver; with contained metal of 5,611.7 million pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver."
Theres $16 billion worth of just copper at todays spot. CUU owns 25% of that. 414,000,000 shares osfd.
25% of $16b = $4b
10% of $4b = $400m / 414m osfd = .96
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Now should we add a premium based on our location and political risk? Compare two similar deposits .. one in BC, the other in Africa.
Which one would you value higher?
How much skin does CUU management have in the game? Do they have enough money left to last a couple years? (I think i read somewhere that 75% of juniors have less than 200k in the bank)
Do their other projects add extra value?
Will a valuation be based on Copper at 2.80, 3.50? Gold at 1220, 1500?
These factors are important.
Our resource is proven it's my guess that it will be proven bigger given Elmer's cues.
Its a matter of when a decent valuation will be realized, and whether you are patient enough to wait.
Right now we sit at 11 cents.
Opportunity or not?
Only you can decide.