Re: Both Sides of the Picture
in response to
by
posted on
Feb 11, 2012 02:24PM
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%)
Thanks, I've been very happy with the replies so far.
My mistake, I meant to say "years away from production". Yes I am assuming Teck will back in for 75%. I am skeptical that Teck will be able to build this project in 3 years though. Most large projects in this area take 5 years of construction (2008 PFS = 5 years, KSM = 5 years, Galore Creek = 5 years). Assuming things go well for us, I could see us being 4 years away from construction at best (although I doubt we will still be around). This was the logic behind me saying "years away from production".