Curis estimation200 million to build- very doable.
29% after tax IRR
80 cents per pound average life of project cost
3 year after tax payback
2.4 billion lb reserves (not resources)
So life of mine cash flow 2.4 billion times 2.75 long term copper price less 80 cents is 1.95 times 2,4 billion or 5 billion dollars of cash for a 200 million capex. All this on a nice tidy PFS study. Excellent aquisition at the bottom of a very fugly market. Looking back it is all nice.
And I just can't wait for this nice little court case to wind it's way through the courts, in an election year, when the Harper crew really needs to pull a win out of BC to fend off a surging Justin Trudeau, in a riding with 13 percent unemployment and dwindling timber resources.
With Prosperity on the table the NPV of these two projects is well over the current stock price to say nothing of Canadas largest copper mine. Rock on.