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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: Note to Management
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May 28, 2012 06:49PM
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May 28, 2012 08:18PM
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May 28, 2012 08:38PM
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May 28, 2012 08:40PM

"....seen previous posts where silver could be 15% of our value."

I don't recall seeing any estimates of our silver values being that high. I calcluate silver to be about 3.5% of the in situ value at 1.7 gpt Ag and $20 per oz. Silver only has a 58% recovery rate ( per Feb 3, 2012 NR). Which dumbs down that number again by almost half. When you think of it that way, you can see why management hasn't been beating the silver drum.

I agree; every bit of quantified resource helps the bottom line in any calculations for BFS. More importantly, a copper/gold/moly/silver project should not go thru two RE's without a silver number.

jmho


May 28, 2012 08:52PM
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