Re: Where is the feasibility study?
posted on
Jan 31, 2013 03:37PM
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%)
Seems to me that a possible time trade off would be that since time to conduct work on site is weather limited, by stalling one risks the possibility of losing most, or an entire season of the work window
Assuming CUU retains some form of time guarantee for production performance, this could become a critical factor if additional problem are encountered along the way
Don't want that 4 year clause deleted, maybe just extended a bit, and hopefully CUU will keep some teeth in it to deter any stalling, like losing this year.....