Re: 171m tonnes, drills pulled Liddy
in response to
by
posted on
Jan 02, 2013 11:13AM
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%)
My post has nothing to do with current sp, but of buyin/out price, especially when some people are thinking we might get a price of $2.75-$3.50 which is ridiculous since it was at a point $2.75 without BFS and close to end date. IF, a delay of 6 months to continue drilling would double our price because what is categorized as "waste" in the BFS is in fact additional resources, than it should have been proven. And, if aerials, MIRA, etc. had been released, we would have understood the need for further delay because of the huge reward to continue drilling. IMO