Re: ..Who is selling?
in response to
by
posted on
Jan 09, 2013 02:05AM
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%)
Posting too much tonight,
The trade off calculations are likely done for a 180,000 tpd mine (I am pretty sure of that but have no direct knowledge).
Also this could be why there is an extra year pre-construction (5 instead of 4) so Teck can optimize though I doubt anyone would admit it.
I don't think there is much needed and Teck will be the ones doing it not cuu though I would love one more year of CUU at Schaft Creek.