Re: Investing 101
posted on
Jan 17, 2013 02:36PM
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%)
Engineers decided to be ultra conservative in the BFS and it resulted in numbers that were not what mgmt wanted to see in the BFS.
But that is the numbers the engineers signed off on.
Fire