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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: Increasing mining costs

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=151462&sn=Detail&pid=31

The jist of the article in the link above is that mining costs are going up fast, and that gold miners, for example, will need $3,000/oz to be profitable. So if this is true and mioning costs are going up would it then not make more sense for a miner like TECK with access to a new major resource to build the frigging mine ASAP and be done with it, in stead of waiting for the costs to just keep going up and up? Well, as everyone can see I am no miner, so be gentle while I get myself another dram.

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