Re: One more year, PEA recommendations, 'Time's up' for Teck / Newmont
posted on
Oct 18, 2022 12:57PM
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%)
Sure, but at this point, if they can add another $400M US to the base case and crank the IRR past 15%, why not wait 6 months?
All this should have been done last year, but Teck decided that they needed more time...
IMO.
MoneyK