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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: RE
Icon president RE

Apr 25, 2012 06:52PM
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Apr 25, 2012 07:52PM
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Apr 25, 2012 09:46PM

If you follow roughly the same timing then, should we get the RE3 around the end of April, we might expect the Feasibility by mid-July.

The positive differences this time are:

* The block model was already done, they just need to update it

* No more silver delays as AMEC went through the historical data for all metals last year (that was the longest part)

* Tetra Tech has 2 seperate teams working on this, 1 for the RE and 1 for the Feasibility. (I was told the team for the Resources estimate is top notch)

* As per the Elmer Q&A, they are having daily meetings, Jim Gray is on their back and Tetra Tech is taking a hands on senior management overview = premium service.

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