Re: Looks like it will have to be tomorrow
in response to
by
posted on
Mar 28, 2013 05:18PM
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%)
Keep in mind....CUU from Elmer has stated that we (CUU) will be drilling up more. Elmer also said CUU can easily with little effort prove up the waste rock to increase CUU.
Yes, I asked ES about this before and we could do this for less than 2M. It would take 5-10 shallow holes about 200M each and we could have the results in approx. 2 months. Plug those into the BFS and we could improve the NPV tremendously. We have also done some limited metallurgical work that suggest much better recoveries than was used in the BFS. With a little more work in this area our project will start looking much more attractive to a potential suitor.