Re: Called and spoke to Cathy
in response to
by
posted on
Mar 04, 2013 01:02PM
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%)
One more thing. The Mira was simply to confirm what they already knew about the targets. You still need to drill and prove up. No magical tool here.
I complained about the wait and she told me that I should expect it and that uncertainty is part of the deal. They are a junior company after all.
From what I got they did what they thought was best for cuu and imo they had many reasons to not drill other targets, but we didn't discuss this.