RE:PEAWell its finally out. And after looking it over my initial reaction - a BIG YAWN, no big improvement and nothing to get excited about. But's lets look into the numbers more closely shall we. The most important number we need to focus on is the after tax NPV which is stated as 843M US. This is the figure we must use to calculate what Cuu's portion of SC is worth. If you take 25% of this you get about 209M US or 275M Cad. 275M cad divided by 525 M shares outstanding is .50 cents/sh.
However, as a PEA stage project no Major would pay 100% of the NPV due to the uncertainties and inaccuracy of a PEA (costs can be off by +/- 30%). Typically you would get anywhere from 25% to 75% depending on the quality of the asset and any upside exploration potential. For SC being such a marginal and low grade deposit you would typically get somewhere in the lower range for such an asset. But let's be generous and say a Major would pay 60% of the NPV. That would give Cuu a sp of 60% x .50 cents = 0.30 cents /sh. And guess what? That's right in line with how much Newmont payed for GT Gold. LMAO.
Bottom line. SC is certainly not worth the multi- billions touted by certain pumpers here. And the market is yawning at these numbers as I type. Funny how we get the report just days after the AGM like I initially predicted which raises some interesting questions. But I'll let the forever pumpers ask Elmer that question. LMAO