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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: NPV5 & NPV8 ? -Yes, you're right PPC...
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Dec 22, 2012 07:02AM

I guess my first reaction is I damn sure am in no hurry to sell here, regardless of what Otto, whoever he is, thinks

Wish I had a better understanding of what that BFS represents, but I do know that Teck set out that 8% NPV as a minimal condition for a mine life of 15 years and 50,000 tons of production per year

So that was a pin that needed to be knocked down and it was

I do not think that the inclusion of that parameter in the BFS means that that is the mine under consideration, so the naysayers dwelling on that worst case data are missing the point

The problem is I still don't know what they will be negotiating

The BFS was isolated to the Schaft Creek Mine only, and we know there is a hell of a lot more there

Just no idea of how it will be weighed in light of what these things are worth at this level of proving up

A lot to learn, and trying my best to absorb...rapidly...

Monday will be fascinating

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