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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: September's running out fast
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Sep 17, 2012 02:57PM

MTS - where did you read that Elmer would have the completed, polished BFS in his hands in September?

NR from August 2:

"The feasibility study is being led by Tetra Tech Wardrop on a minimum 120,000 tpd open pit mine and is expected to be completed by late summer, 2012. "

NR from September 4:

"The results of the feasibility study for the Schaft Creek project are expected to be delivered in September 2012"

NR from September 10:

"The feasibility study is being led by Tetra Tech Wardrop on a minimum 120,000 tpd open pit mine and is expected to be completed in September 2012. "

Note the words from Sept 4: "The results [...]expected to be delivered in September 2012". Per that wording, the full, final BFS might not be delivered in September. The statement of "late summer" was debated - several people called the office and the general consensus was that the end of summer was Sept 21 as per the summer solstice. Thus many here are expecting the NR about the BFS on or by September 21. THat does not mean that we will get the BFS that date - but at a minimum, I would hope we will get some details, numbers, highlights, summarizations, etc. Whether or not it's on the 21st, or simply in September, remains to be seen.

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Sep 17, 2012 03:20PM
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