Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 01:24PM
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%)
Per my conversation with Elmer, they have been pooring over multiple FS's over the past few months looking for similar deposits to SC in Canada, North, South and Central America. They are doing this in anticipation of negotiations so I think they got this one covered.
L