Re: Lower Expectations
in response to
by
posted on
Jan 25, 2013 04:21PM
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%)
Elmer told me that he made the decision 1 & 1/2 years ago about the ROV option after attending a seminar on it. He indicated that this was the way of the future in valuing projects.
By that I mean on the cutting edge.
SB2