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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

The numbers are disappointing!

To think that we added a year and half to get these numbers is quite a let down. I sure don't get the sense that the numbers "were too good to be true" which was supposedly what Elmer felt and the reason given by many for the extended delay. Well, at least we have the BFS! JMO

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Dec 21, 2012 03:40PM
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