Re: Right by the xxxxs
in response to
by
posted on
Feb 09, 2013 05:07PM
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%)
I don't think Teck will object either. I suspect part of the reason for the Merit review was to save a few extra dollars to make the post tax NPV positive. Keep in mind that every dollar saved on capex is another dollar of NPV.