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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: IRR 10.13% and a payback period of 6.5 years

This is what Teck wanted. They wanted the worst case so they would know if it would make money in the long run. The market may have a different reaction.

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Dec 21, 2012 03:40PM
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