Re: Investing 101
posted on
Jan 17, 2013 07:14PM
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%)
After listening to the last webcast from Don Lindsay, he stated that they are still very keen to proceed with QB2 after jumping through the hoops in SA.
So shelving of that project might be a little of a stretch