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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: BFS
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BFS
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Dec 12, 2012 06:08PM

There was no concern about the revenue/capex or the numbers validating the worthiness of the project ..

Didn't mean to suggest that CAPEX was a part of your conversation

Simply trying to understand what the hell is it that is making this harder to deliver than a breech baby

Since the other call provided a reference to a team of engineers at TT, and since we have a relatively current RE on contained minerals, the question is what is the possible issue that could give Teck pause

Remember the BFS only needs to show that the project is revenue neutral plus $1

That is a pretty low bar considering what they have found

The only thing I can think of that could jeopardize those economics is CAPEX growth

.


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