Re: VETTES PREVIOUS TALK WITH ELMER - R. tiger
in response to
by
posted on
Feb 24, 2013 12:32PM
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%)
Agree with you on this Rabid.
Significant de-risking, and the EA is one of them, will bring value to CUU; and as noted earlier, it's a stated goal of CUU this year.
And perhaps some of the PP funds will go to advancing / preparing the drill program and metuallurgical testwork as identified in the FS.
I've got to believe ES will be / is working on this in preparation of securing a drill company; and in another program, planning on the securing of services to try and improve overall metal recoveries.
All costs dollars to plan and commit to contractors - who eventually pays for the actual work program? i would hope Teck via a buyout, but CUU must work towards Plan B, ES speaks of.
jmho.
cheers and thanks to many of the quality posts and contributors to this board.
jaf.