Re: Not Good at First Glance - But Look at what is recommended!
posted on
Feb 07, 2013 11:49PM
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%)
Higher recoveries proven from more tests
From my numbers, it appears that a 1% improvement in recovery for each metal will improve cash flow by 3% and the 8% NPV by 27%. Woohoo.