Re: Just spoke to Lynn - 4pm
posted on
Dec 21, 2012 04:43PM
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%)
Inmet Cobre Panama = NPV 1.5B....valued at 10B right now. They're getting a new offer every week !! NPV is soooo basic and does not represent the true value over time that the Big miners understamd and want.
Teck will never let us go.
The cost to move waste rock was included in here. Yet the waste rock is our mineralised inferred resource !!! Get it !
With the EA permits you use 5% not 8%.
Then you have the extra potential of what Teck knows is already there 50% of the paramount zone, high grade starter pit (still open). Grdes get higher at depth, you get to the higher grades in year XX.
The majors aren't bozos.
I've always said the Feasibility is about de-risking the project (they just did) and starting the clock. Teck is now aware.
Next step is the buyout. It's that simple