Re: 171m tonnes, drills pulled
in response to
by
posted on
Jan 02, 2013 10:07AM
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%)
Not even sure how any of this is even subject to interpretation
The criticism was that they stopped at a time when they could have fairly easily proven, and included it in the BFS billions in resouces and savings
Providing a BFS that would not need to be interpreted to establish value
For some reason not altogether apparent, they opted to not drill
Sure it is all still there
But anyone who believes that we will be paid the same for an inferred resource as a measured resource is newer to this than I am
They saved a penny and it has cost millions of pounds, so far
20% of my cost here is painful