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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: Fording Decision

I don't think the silver would really register - included or not. It is only 3% of the value in situ where copper is about 64% of the value (at current 3yr ave metal prices). 3% factored into a neg 4 cent cost is about $0.0012 (a little more than a tenth of a cent). It is funny to think that over a billion $ of silver is neglible in many respects to the size of Schaft Creek.

Maybe someone with access to real human beings at BMO could enquire about this report. Was this made up for CUU specifically (consultation) or is CUU harvesting portions of a larger analysis?

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