Change of base case

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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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webgogs

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Change of base case

posted on May 31, 2012 10:34AM

Looks like we got rid of doubts about consistancy of the mineralization and put back the tonnage plus we added 2 billion pounds.

This will not go unnoticed. It's also proof positive about the economics with the verified 0.15% in the base case. So now we have to improve the pit design to accomodate the reproven info in the FS.