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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: Bankable

Dec 09, 2011 11:09AM
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Dec 09, 2011 03:20PM

Thanks all for the comments. I appreciate it.

Sorry Chappy, I should have just googled it myself, but thanks for the links. The article in the first link summarizes what I was looking for confirmation on.

Often the term “bankable” proceeds the

term feasibility study. Adding this term

simply means that the level of effort that

has been incorporated into the study is

sufficient for outside financing, provided the

project is feasible. Typically “bankable”

means an overall accuracy level of +/- 15

percent on the feasibility study.

So within a realistic contingency amount.

The Dec. 7 states that the 2011 drilling will not be incorporated into the BFS.

The 2011 drilling program expanded the paramount zone quite a bit so why would they not want to incorporate it?

To me that says that we will have a Bankable FS as TCK is satisfied with the amount of proven resource up to 2010.

BFS

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MES
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Dec 10, 2011 05:24AM
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