Re: SC - Cost of Copper net of Credits
in response to
by
posted on
May 27, 2021 10:30PM
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,
175 000 does make sense. There's most likely a typo in the corporate presentation.
As mentionned in my last post, I don't think we can compare 0.50 to 1$. Two different concepts.
Maybe we could say something like 2013 was $0.50 and 2021 might be $0.16 for a 0.34$ reduction per lbs of copper.
That would be little over 80M more profit per year for this aspect only.
IMO.
MoneyK