Re: This week?
in response to
by
posted on
Nov 19, 2012 01:30PM
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%)
If there were significant issues with the BFS, it would cost money to pay for continued rework.
The last PP closed Oct 24th for $2.5M, which was less than the total possible amount.
This might be seen as a clue that major rework/problems are not the cause of the delay since CUU isn't raising more money and we didn't even take the full amount of the last PP.