Re: New buy out / back in pool
in response to
by
posted on
Mar 18, 2013 12:09PM
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%)
Yes. That's why we want to be the JV partner. The last couple of years of drilling suggest it. There's enough proof on SC proper to mine it. There's enough proof on other hits of higher grade to suggest a second richer starter pit. The only reason to start at SC proper is the definition that's gone into it.