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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: Inferred
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Jan 09, 2013 12:53AM
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Jan 09, 2013 02:31AM

I wish people would stop using the Feasibility numbers. We really are turning in circles.

Teck will be using and doing their own numbers and that's all that matters.

Who here really thinks Teck won't do the numbers saying ''hmmm let's replace the waste rock cost with revenue and see what the real IRR and NPV look like'' Oh ! we just have to do 10 shallow infill drill holes...

Teck will also be using 5% not 8%.

And the Feasibility is 1/2 the resource.

I'll make it easy, let's put it this way: If we didn't have this miss understood Feasibility and the back decision would be based on the resource estimate..what do you think Teck would do....:

Measure and Indicated:

7.1 Billion pounds of Copper

7.3 Million Oz Gold

66.7 Million Oz Silver

455.3 Million pounds Moly

+

Inferred Resource:

2.9 Billion pounds of Copper

3.3 Million Oz Gold

31.6 Million Oz Silver

206.2 Million pounds Moly

And this is just 1/2 the Paramount and Liard Chargeability...

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