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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: More comments on Cobre Panama (Inmet Mining) - Comparison

I apologize for continuing to talk about this but I feel it is quite relevant for CUU and Schaft Creek.

I was reading a BMO report on the IMN offer and they had the following to say (where does SC fit?)

While it has not been focused on, Cobre Panama has strategic value as one of the largest undeveloped copper resources in the world. Of the 10 largest undeveloped resources identified in Figure 2, Cobre Panama is one of the few projects without permitting issues, environmental challenges, infrastructure limitations or a local civil war. For this reason, we believe Cobre Panama is probably deserving of a strategic premium which has not been applied.

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Nov 30, 2012 01:27PM
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