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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: Has anyone considered
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Mar 20, 2012 08:44AM
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Mar 20, 2012 10:43AM

Rogue: "...All the times it was posted on this board that "Elmer promised us it would be out by PDAC" etc. ",,,

I've seen this mentioned a couple of times that people have been saying that CUU promised BFS would be out by PDAC. I dont recall seeing any post whatsoever. I do recall posting a fond hope that it would be out by PDAC. I recall people pouring water on that hope. Please show us one post where someone is quoting that managment made such a promise.

I agree that a BFS followed by a new RE renders the BFS obsolete, but I believe that is how mining works. Even while the mine is working the resource will be explored and updated. For our purposes, the BFS was really about triggering the TCK clock and buyout.

I agree with your subsequent points (3-5).

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Mar 20, 2012 11:02AM
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