RE: RE: RE: $5-7 for CUU, seriously Lets list the flaws in chappys numbers shall we?
1. Our proven NPV is $2.8 billion for Schaft Creek as per the 2008 pfs, not $9 billion pffff.......
Schaft Creek has some 7 zones. 2008 PFS included only a portion of the Paraount zone. Metal prices are much higher than 2008. Chappy's numbers are from only one zone, using conservative numbers all the way through his calcs.
2. Our share of revenue after a 75% Teck back in will be around 23% not 25%
Misinformation again. You are conveniently ignoring purchased Liard shares. It's 24.78% IIRC.
3. All of our revenue for the first few years will go to Teck as a payback for our share of mine financing
That's factored into the calculation already knucklehead.
4. We will not be at 150ktpd, that's a pipedream
Feasibility Study will be based on a minimum 120KTP and ramping to 180TPD in year 5. That was stated before we found all the other zones and higher grade drill results.
5. We have 406.2 million shares outstanding now not 400 - by the time of a Teck decision we will probably have upwards of 425 million
Probably 425M? Okay, lets divide by 425 million just for fun. That's a 6% difference.
How HUGE is the opportunity when a vehement basher resorts to twisting every single FACT about CUU in order to warn you that you will only get 250% on your money imminently. LOL