Re: SC - Cost of Copper net of Credits
in response to
by
posted on
May 27, 2021 01:56PM
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%)
I'm not sure where you are getting the $.60 - $0.70 cost numbers from... I doubt if those numbers have been updated for the new Operating costs numbers that we were just released 2 weeks ago.
If I used the old operating costs of $13.25 (not the updated one of $8.66) and those $1400 Au, 18$ Ag, 10$ Mo numbers. Then I get $0.84 / pound.
But I wanted to estimate what the numbers would be based on new operating costs and more current metal pricing.