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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%)

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Message: Re: Silly comments about capex abound

before i mis-quote RabidTiger's numbers... RT's update and the NW BC project report:

Chappy, I think the $3.7B from that report is the initial + sustaining capex from the PFS ($2950M + $797M = $3.7B).

After watching Elmer's presentation, I have revised my cost estimates for the project. I'm now expecting to see:
Initial Capex: $3.3B*
Expansion** Capex: $700M
Sustaining Capex: $650M

* Under $4B will be great, under $3.2B will be phenomenal
** Expansion of mill from 120,000 tpd to 180,000 tpd. My guess is this will occur in year 5.

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30373365&l=0&r=0&s=CUU&t=LIST


Nov 14, 2011 09:07PM
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