Re: Questions for CUU
in response to
by
posted on
Dec 10, 2012 03:16PM
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%)
There's almost 20 billion pounds copper eq. Or look at it as 12-14 million ounces of gold. About a quarter of that is ours. It comes with a mine attached, power lines, access road, air strip, more in the ground than known, enviros in place and a royalty. Examples of 5 billion pounds with a mine have gone for a good price.