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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: SC/copper mountain/TKO grade comparison
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It looks like most large deposits have a copper equivalency of around 0.50% so we are just below average. I'm expecting our updated RE to push us slightly above average. Here's a quick comparison of us versus similar sized deposits (1B tonnes):

Cu % CuEq%
Schaft Creek CUU 0.27 0.46
Cobre Panama IMN 0.41 0.50
Prosperity TKO 0.24 0.51
Sierra Gorda QUX 0.39 0.53
Red Chris III 0.37 0.60
Taca Taca LCC 0.56 0.74
Oyu Tolgoi IVN 0.98 1.20

Fortunately for us the economics are far more important than the grades. This is where I think Schaft Creek will truly shine. Prosperity has environmental issues. Red Chris has most of it's deposit at depth. Taca Taca has a large amount of overburden above their deposit. Oyu Tolgoi has extremely high capex. Schaft Creek is not perfect but at least none of these issues have surfaced yet at Schaft Creek. The Feasibility is the only way to know for sure.

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