Re: Investing 101
in response to
by
posted on
Jan 17, 2013 11:50AM
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%)
Pulling back on drilling. I believe the reason given at that time was that, they had all the info they needed. No need for any further drilling.
Yes, that was the reason given. But enough information needed for whom? Obviously not enough for the current BFS to the open market, if we are considering going back to drill another 10 holes and come up with an amended BFS to proof the "waste" is worth a lot of money and not a negative expense. It was a bad decision to have cut short the drilling season when the labor and equipment were already in place to continue the 10 holes.