Re: Traders know the guys are in a meeting
in response to
by
posted on
Dec 02, 2011 07:31AM
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%)
Looking closer at the definition of Inferred... I will be sticking closer to the number for Meas + Indicated metals. The last sentence below pretty much says: "don't put any value on inferred".
The reason I insist on the inferred Chappy is because Teck doesn't shy themselves on putting it their ''main projects'' Presentation
Notice for Antamina they put : 1.3 Bt (M+I+I) resource
On the presentation that mentions Schaft Creek they put 1 Billion tones, not adding teyh inferred...when they should also put 1.3 (M+I+I)
We all know we have alot mnore metal than indicated and measured resource...Teck knows it to:
Less than 1,500 acres of the 50,000 acre Schaft Creek property has been explored using modern exploration techniques. To identify/add value over and above that established by the feasibility study, Copper Fox is considering the merits of completing a high sensitivity airborne geophysical survey over the entire Schaft Creek property to identify other potential areas of porphyry style mineralization.