Re: Using 3.50 copper….
in response to
by
posted on
Sep 29, 2021 10:21AM
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%)
YM,
By looking at Teck's presensations, they are already using $3.50 US for their valuations. If copper stays above $4.00 US for another 12 months, it might become $3.75 US. Who knows.
With a bit of luck the exchange rate might also move in our favour by then.
MoneyK