Re: Teck back in or not !
in response to
by
posted on
Jul 24, 2012 01:37PM
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%)
It's better, in a way, that it wasn't done specifically for us. Shows we're on the radar alongside some heavy hitters and looking quite favourable.
I don't know how sophisticated their research is in terms of making assumptions from the Resource Estimate. They haven't just plugged in our pre-feasibility numbers. At any rate, it is reassuring.