Re: Teck's cost per LB.
in response to
by
posted on
Jan 03, 2013 10:27PM
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%)
Uh.mmm is that good?
Shallow means it is sitting on top of the deposit. Liard means it has been known since like 2010 (we haven't drilled much of Liard since 2010 - just DDH 419, 420 & ~425). How did this get missed in the mira, 2 RE block models and pit plan? Liard was a part of the 2008 pfs and pit plan! grrr.
At least, if this 171M Tonnes inferred gets changed from a minus to a plus, it will be a big change to the positive. If this is sitting on top of the mill run ore, then this 'waste' would have really retarded the NPV calculations as it would have really depressed those more important earnings early in the mine life when the discount is less and the payback period is so important. Probably explains some of why we'd start at 65ktpd for only one year as that 'waste' would have needed to be stripped first.