Re: Peru abandons Newmont's $4.8 billion copper mIne.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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DC14

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Re: Peru abandons Newmont's $4.8 billion copper mIne.

posted on Aug 29, 2012 01:56PM

Wow....Serious MISprint....they state tons but likely mean lbs.

"Newmont had said it hoped to begin production either in 2014 or 2015, generating between 155 and 235 million tons of copper a year at the site, provided it gets permission from the Peruvian government."