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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: How long can they delay?
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Dec 05, 2012 11:17PM

I'm trying not to worry about the Feasibility RT. I still think it will be very good, but don't like it being under wraps for so long either. I've heard some rumours that Tetra Tech didn't price the FS as nicely as CUU would have liked initially due to rising capex and there was some back and forth on this ... but who knows, they are rumours.

That said, I would be utterly shocked if we didn't have a better FS than the PFS of 2008. At the end of the day, NPV matters a lot more than capex, especially when were talking multiple billions capex anyway. Schaft, Galore, KSM ... these are mines for the majors and it takes their deep pockets to release the multi-billion dollar profits locked up in the ground.

I'm getting antsy for sure. Want to see those final feasibility NPV numbers once and for all to remove any lingering doubts.

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