Re: Quellaveco vs Schaft Creek
posted on
Feb 18, 2012 09:12PM
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%)
"Beale said the project had resources of 1.3 billion tonnes of mineral with an average copper grade of 0.62 percent.
According to Beale ??!! Come on ! That article you used is 2007
http://www.reuters.com/article/2007/05/23/peru-angloamerican-idUSN2324683120070523
Try looking at their 2010 fact sheet they have 1 Billion at 0.45 ! (lower than CUU)
Page 14: http://www.angloamerican.com/media/fact_book/~/media/Files/A/Anglo-American-Plc/media/fact_book/2011/copper_factbook_1011.pdf
And according to Elmer we have a Ccopper District!! If you want to use facts use facts not opinions from an article !!