Re: How huge is this thing?
in response to
by
posted on
Jun 02, 2012 11:41PM
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%)
Believe....The Moly is approx. 661 Million Pounds (to Date)?
More moly = more Rhenium.
We should have about $1.5-2Billion in Rhenium...(at least)
Rhenium is trading at $4600 a kg. http://www.taxfreegold.co.uk/rheniumpricesusdollars.html
Here is what Samuel Engineering had to say about our Rhenium to improve the project economics:
Enhancement Opportunities:
Samuel Engineering notes that the economics in the PFS do not take into account opportunities for improvement of the project economics based on:
Per this old article about copper fox they say the rhenium will only be added at feasibility:
The Study projects a mine life of 22.6 years with the mill expected to produce 4.76 billion pounds of copper, 255.2 million pounds of molybdenum, 4.5 million troy ounces of gold and 32.5 million troy ounces of silver. An NI 43-101 report by Associated Geoscientists Ltd. dated June 22, 2007 projects mine and mill recoveries of 91% for copper, 63% for molybdenum, 76% for gold and 80% for silver. Rhenium is also recovered as a byproduct in the molybdenum concentrate in significant quantities. At a present price of $3.75 per gram of pure rhenium this may represent a significant additional contribution to income. Copper Fox will report further results with respect to rhenium during the feasibility phase of the project.