Re: Toronto show
in response to
by
posted on
Sep 27, 2012 08:44PM
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%)
Keep in mind that not all of the metals in the Resource Estimate will be economical to mine. In the 2008 PFS, only 59% of the resource was converted to reserves.
This number should improve with the additional drilling that we have completed but still will not approach 100%.
I expect we will see 900M+ tonnes of ore.