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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: on purpose

May 16, 2012 04:32PM
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May 16, 2012 04:51PM

May 16, 2012 04:57PM

Even if the silver is a relatively small percentage of the total value, if it is used as an offset to the cost of mining the copper, it might make the difference between the negative costs to mine per ton staying about the same vs. being less negative or, possibly causing the cost to mine per ton to be even more negative. This would result in a large difference in perception of the feasability study.

it is possible that they held back on the silver for this very reason, but I kind of doubt it. If they did, they are more clever than I had thought.

Rip

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