Re: ''bankable''
in response to
by
posted on
Feb 14, 2013 11:40PM
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%)
Thanks Chunky. And just to be clear and responding to some of the other posts, I am only commenting on my interpretation of the parties' rights under the contract. From a commercial standpoint, the study may show a much more robust project than the one described under Section 5.5(b)(i) but the study did not purport to meet the specifc parameters of that section.
Agree that March 6th is key.
Regards,
Volpino