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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: AGM report
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Jul 19, 2012 09:29PM
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Jul 19, 2012 09:42PM

Your capex numbers are very similar to mine Chappy. I'm using the following capex numbers:

Capex for initial 120,000 tpd: $3.6B

Capex for expansion to 180,000 tpd: $500M

Sustaining capex: $43M / year

I'm thinking my numbers might be a tad low as welll. Let's hope the Feasibility Study proves me wrong.


Jul 19, 2012 09:44PM
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