Re: What's Next. - Don't look at it.
in response to
by
posted on
Feb 05, 2013 01:48PM
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%)
These are people that have no clue about cuu. They saw the NR and probably out a cross on the company, thinking that Teck will never back-in or that the project will be shelved because 'it's not worth it'. They saw the BFS and think that at 1.25$ it is not worth the risk. These are people that have no clue how much metal is actually in the ground, therefore have no clue that this will be a 100-year mine. They have no clue about the following: 10.6 million oz gold, 98.3 million oz silver, 10 billion lbs copper, 700 million lbs molybdenum, Measured, Indicated & Inferred as indicated on top of this page.
These are not people that have read and participated to discussions here and on SH.