Re: SC - Cost of Copper net of Credits
in response to
by
posted on
May 27, 2021 03:08PM
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%)
NSQ, look in the latest May corporate presentation.
I did quick numbers and come to around $0.80 US for 2013.
When using $1400 for gold, $10 for moly and 18$ for silver, I'm at around $0.17 potential for the 2021 PEA.
I think your logic does make sense and we could be in for a nice surprise! The operating cost is not 100% related to C1 cost... I'd say maybe 85% is the right proportion?
MoneyK